ISLAMABAD, Pakistan: President Dr. Arif Alvi has taken critical discover of the rising pattern of on-line banking frauds the place fraudsters get hold of the contact particulars of financial institution shoppers and impersonate financial institution officers to acquire account and banking data from them, and utilizing such particulars swindle cash out of their financial institution accounts.
Whereas expressing concern over the information reviews about an internet financial institution fraud whereby famend novelist and playwright Mirza Athar Baig was disadvantaged of Rs 1.1 million from his checking account by an internet fraudster, the president mentioned that it was upsetting that fraudulent actions and practices have been on the rise within the banking sector even though a whole bunch of such fraud circumstances had been determined by the President via the Banking Mohtasib of Pakistan (BMP) and reduction had been offered to the affectees of on-line frauds.
صدر مملکت ڈاکٹر عارف علوی کی جانب سے آن لائن بینک فراڈ اور جعل سازی کے بڑھتے ہوئے واقعات کا نوٹس
آن لائن بینکنگ فراڈ کے بڑھتے ہوئے رجحان میں نوسرباز خود کو فون پر بینک کا اہلکار ظاہر کرکے صارفین کی ذاتی بینکنگ تفصیلات حاصل کرکے شہریوں کی رقم آن لائن ذرائع سے نکلوا لیتے ہیں pic.twitter.com/rcixLxPaEF
— The President of Pakistan (@PresOfPakistan) January 21, 2023
President Arif Alvi directed the Banking Mohtasib of Pakistan to take critical and robust discover of this worrisome pattern and take substantive, significant, and efficient steps to place in place applicable checks and balances and foolproof safety methods through the use of expertise able to differentiating between real and fraudulent transaction makes an attempt to curb this menace on an pressing foundation.
The president additionally harassed the necessity to result in structured and systematic enhancements in on-line banking mechanisms to right away establish fraudulent individuals and take sturdy exemplary punitive actions towards them.
Dr. Arif Alvi emphasised that every one the banks ought to collectively launch an consciousness marketing campaign via all types of media, standard and digital, to teach financial institution clients concerning the safe use of on-line banking platforms, moreover guaranteeing compliance with the State Financial institution of Pakistan’s instructions and prescribed SOPs concerning the usage of on-line banking services with ease, consolation, and safety.
The President’s Secretariat, underneath the route of the President Dr. Arif Alvi, has requested Mirza Athar Baig to lodge a grievance and formally elevate the matter with the BMP to get reduction if the financial institution was unable to resolve his subject and compensate him throughout the stipulated time interval.