Meezan Bank issues cybersecurity advisory after claims of unauthorized transactions

Mezan Bank responded to recent reports of unauthorized transactions on its debit and credit cards, where several customers reported third-party data breaches. The bank confirmed it had received fewer than ten complaints, attributing the incidents to customers accidentally sharing sensitive information on unsecured e-commerce sites.

In its official response, Meezan Bank categorically denied any data breach, assuring customers that its systems remain secure. The bank emphasized that all its debit and credit cards are PCI-DSS compliant and meet the highest security standards, including EMV and 3D Secure certificates.

Unauthorized transactions were attributed to external platforms where security measures were not fully adhered to. Affected customers were compensated through chargeback mechanisms in international payment networks in accordance with the protocols established by the bank.

Customers those affected by these charges shall be compensated without delay. To further protect online transactions, Meezan Bank has outlined key security tips for its customers:

• Avoid entering card details on untrusted or suspicious websites.
• Refrain from conducting financial transactions over unsecured public Wi-Fi networks.
• Be wary of phishing emails, phone calls, or messages asking for sensitive information, even if they appear legitimate.
• Notify the bank immediately if the card is lost or stolen.

Meezan Bank encouraged customers to continue using their cards with confidence on trusted online platforms and reaffirmed its commitment to the highest standards of data security and customer protection.