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Are Standard Chartered Bank Customers At Risk?

Cyber Security is the prime concern for any person who is involved in financial transactions through electronic devices. Before opening an account in any bank, customers ensure that the bank, they are willing to open an account in, guarantees a risk-free and secure financial system without worrying that they may lose their deposits.

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Certainly, people always prefer to opt for the best financial institutions and the Standard Chartered Bank is unarguably one of them. Having a network of 40 branches in 10 Cities across Pakistan, Standard Chartered offers multiple financial services such as personal accounts, debit & credit cards, personal loans, and mortgages etc.

Being the oldest and largest international bank in Pakistan which first opened in Karachi in 1863, the Standard Chartered Bank has a bunch of awards with its name; however, recently it was confronted with complaints from customers over its security lapses.

Its customers also took to social media to share their experiences, grumbling about how they fell prey to hacking and eventually were deprived of their deposits from bank accounts. They also lamented over the lack of efforts by the bank to address the issue.

On July 26, 2022, a Standard Chartered’s customer Habibullah Khan penned down a series of tweets in which he cautioned the debit card holders of the bank, saying that “They are at risk”

Habibullah Khan also mentioned that the Standard Chartered Customer Service turned a blind eye to his concerns, causing him a loss of thousands of rupees.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

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