Standard Chartered Customers Claim To Have Misplaced As Much As RS. 70,000 Due To Security Flaw

Standard Chartered Customers Claim To Have Misplaced As Much As RS. 70,000 Due To Security Flaw

Standard Chartered Bank appears to have a primary protection difficulty in the mean time. Humans have allegedly misplaced greater than RS. 50,000 – 70,000 because of a simple protection flaw that verifies online transactions without requiring a one time password (OTP).

The issue turned into suggested on twitter by using the cofounder of RAPTR games Habibullah Khan.

1/n There is a serious security issue at Standard Chartered Pakistan @StanChartMENAP - If you are a Standard Chartered Customer or know a Standard Chartered customer please read this.

In a matter of minutes people have lost 54,000 to 72,000 rupees pic.twitter.com/8R5bM0Vnma

— Habibullah Khan (@Huk06) July 26, 2022

Habibullah says that a couple of transactions have passed off automatically thru his Standard chartered debit card and cash turned into withdrawn from his account without any OTP verification. He says the transactions on occasion manifest with Apple Store or Uber and he loses cash each time. 

He accompanies his declare with a screenshot that suggests numerous online bills made to apple without filing an OTP.

Standard Chartered Customers Claim To Have Misplaced As Much As RS. 70,000 Due To Security Flaw

What’s worse is that Standard Chartered has no longer admitted to having this trouble, nor have they addressed it. They have got simplest said that they are investigating the hassle and it can absorb to four months “as in step with visa global association pointers for closure”. Test the screenshot beneath.

Standard Chartered Customers Claim To Have Misplaced As Much As RS. 70,000 Due To Security Flaw

It is well worth mentioning that Habibullah is not the best victim of this problem as dozens of others have suggested it on social media.

Happened with me. Woke up to 75,600 gone from the credit card. Checked with other people and happened the same with them over the course of months. @StanChartMENAP couldn’t care less to fix this security issue. https://t.co/ZkR2wWMFDz

— S. (@Shahkaarr) July 26, 2022

Standard Chartered’s Statement:

Standard chartered, however, has stated that there aren't any issues on their quit and their systems stay unaffected. The bank claims that it only takes place with non-compliant merchants or if a card is used on an infected tool.

Right here is the authentic statement from Standard Chartered:

For reasons of client confidentiality we cannot share any details. Rest assured, we have robust processes and procedures in place and our systems have not been affected.