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overseas transactions

State Bank issues instructions after cyber attack on private bank

KARACHI: The State Bank of Pakistan (SBP) on Monday issued a set of instructions to a number of banks after one of the private banks system came under a cyber-attack. After the massive attack through which millions of rupees were withdrawn via bank cards, the SBP temporarily suspended the use of affected bank's cards for overseas transactions. "As a result of security breach of payment cards of one of the banks in Pakistan yesterday and their unauthorized use on different delivery channels i.e. at ATMs and POS in…