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Another case of fake bank account surfaces in Karachi

KARACHI: Another case has surfaced over a suspected fake bank account in Karachi on which a credit card and loans had also been issued, ARY News reported. The victim named Shahid, who is a labourer in Korangi industrial area, claimed that a fake bank account was set up in his name and loans were issued from it. Shahid said that received a call from the recovery department of the private bank that he has outstanding dues of over Rs700,000 and should pay them. He was shocked over the hefty amount and visited the bank's…

Two ATM cards hacked in Lahore

LAHORE: A group of hackers are reportedly active in Lahore and are responsible for withdrawing money from citizen's bank accounts by hacking ATM cards raising concerns about safety and security.  The ATM cards of two citizens were hacked in Baghbanpura and Harbanspura area. Shahbaz Ahmed and Aqdas Saleemi both had their accounts in the same bank. A complaint has been launched with the Federal Investigation Agency, the banking ombudsman, and all their respective bank branches. Shahbaz Ahmed claimed that that Rs50,000…

Qatar’s biggest bank looks to double foreign ownership

DOHA: Qatar National Bank, the Middle East's biggest bank, Monday said it aimed to almost double its foreign ownership limit, nine months into a regional crisis with Doha at its center. "QNB Group intends to recommend to the Extraordinary General Assembly of the Bank, to approve increasing the percentage of non-Qatari ownership in the Company's capital to 49 percent instead of 25 percent," read a statement released by QNB. The bank said it would announce the date for the EGA "in due course". The proposed move comes…

Bank blast kills two, injures 11 in northern Myanmar

YANGON: Two people were killed and 11 wounded when a bomb exploded on Wednesday at a bank in northern Myanmar, officials said, amid continuing violence despite a fraught peace process. The bomb went off in the town of Lashio in Shan state, which has seen several ethnic insurgencies over the decades -- although targeted strikes in urban areas are rare. Two female staffers at a branch of Yoma bank were killed and 11 other people injured, a security officer on the scene told AFP on condition of anonymity. "Some nearby…

Russia says hackers stole more than $17 million from its banks in 2017

MAGNITOGORSK, Russia: Hackers stole more than 1 billion roubles ($17 million) from Russian banks using the Cobalt Strike security-testing tool in 2017, a central bank official said on Tuesday. Russia is under intense scrutiny over cyber crime following allegations hackers backed by Moscow have attacked targets in the United States and Europe, accusations the Kremlin has repeatedly denied. Russian authorities are now keen to show that Russia too is a frequent victim of cyber crime and that they are working hard to…

Bank bans bitcoin purchases via credit card

LONDON: Lloyds Banking Group on Monday joined major US banks in banning purchases of bitcoin and other cryptocurrencies via credit card amid debt and security concerns. An LBG spokesman said the ban was across its Lloyd Bank, Bank of Scotland, Halifax and MBNA branded credit cards. In a brief statement, he said LBG does "not accept credit card transactions involving the purchase of cryptocurrencies". Read More: Anonymous philanthropist makes $5 million bitcoin donation Over the past few days, US lenders Bank of…

Major Philippine bank sanctioned over fraud

MANILA: One of the Philippines' biggest banks has been sanctioned over alleged fraud by one of its executives, the central bank said Tuesday. The penalties were imposed on the Metropolitan Bank and Trust Company (MBTC) after one of its vice presidents was arrested in July on suspicion of stealing 1.75 billion pesos ($34.5 million) from the bank. Some directors and officers at MBTC, better known as Metrobank, will also be suspended, the central bank said. Metrobank declined to name the suspended officials. Metrobank…

Suicide bomber kills five at bank in Afghan capital

KABUL: A suicide bomber blew himself up at a bank close to the heavily protected U.S. embassy in the Afghan capital Kabul on Tuesday, killing at least five people and wounding eight, the interior ministry said. The bomber hit the entrance to a Kabul Bank branch in the well-off area of Kabul, close to the main diplomatic quarter, ministry spokesman Najib Danish said. He said at least five people had been killed and eight wounded. The Taliban claimed responsibility for the attack, which came as banks were busy with…

How dark net is buying and selling Pakistanis’ ATM card data

Ever thought that using ATM can compromise your information or bank data? Its possible and dark net is probably buying your data for darker purposes such as making fake cash withdrawal cards, do online transactions and even money laundering. As Deputy Director FIA, Muhammad Ahmad Zaeem revealed in an ARY News show that the agency received complaints that ATM machine of a bank has skimming devices installed Earlier this month, the agency had arrested two Chinese citizens Zhong Xianming and Zhong Xianquan when they…

Kansas native prefers to spend life in jail than home

KANSAS: A 70-year old Kansas resident allegedly robbed a bank so that he could spend the rest of his life 'peacefully' in jail away from his home. According to details, Lawrence John Ripple decided to rob a bank in Kansas City after having an argument with his wife. He had planned on getting arrested and spent the rest of his life in jail "in peace". The Kansas native chose a bank which was near the police station. After reportedly looting $3,000 from the bank, he waited for the police to arrive. He told the…