KARACHI: Meezan Bank Limited has denied claims of data breach and assured that customer information remains fully secure and that no security compromise has occurred.
Meezan Bank has responded to recent reports of unauthorized transactions on its debit and credit cards, with several customers alleged third-party date breaches, the bank confirmed receiving fewer than ten complaints, attributing the incidents to customers inadvertently sharing sensitive information on insecure e-commerce sites.
In its official response, Meezan Bank categorically denied any data breach and assured the 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 certifications.
The unauthorized transactions were attributed to external platforms where security measures were not fully enforced, affected customers have been reimbursed through the chargeback mechanisms of international payment networks, in line with the bank’s established protocols.
