On December 29, 2024, at around 10:45 PM PST, the official website of Al Meezan Group experienced a brief security breach, during which the website’s interface was altered. The website was promptly restored, and normal operations resumed shortly thereafter.
Al Meezan Group, a leading financial institution in Pakistan, comprises Meezan Bank Limited and Al Meezan Investment Management Limited. Meezan Bank is the first and largest Islamic bank in Pakistan and is an expert in providing all kinds of Shariah-compliant banking services. Al Meezan Investment Management Limited is a company that offers management of all mutual funds and investment portfolios adhering to Islamic principles.
There has been no official information regarding a data breach from Al Meezan Group’s official website. Customers are urged to be alert and report anything that looks off to the bank’s authorities.
Recently, reports surfaced regarding unauthorized transactions on customers’ debit and credit cards, which raised concerns about a possible data breach. However, Meezan Bank has categorically denied such reports and has also stated that data breach has not taken place and customer data remains fully secure.
The bank clarified that the disputed transactions were due to unsecured electronic commerce and all illicit transactions are being compensated using the charge-back technique of international payment systems. All the customers that have been affected by these transactions have been fully refunded.
This series of events marks a significant security lapse for Al Meezan Group, raising serious questions about the effectiveness of their protective measures and leaving customers uncertain about the safety of their personal and financial data.
