President takes notice of increasing online bank frauds

President Dr Arif Alvi has taken serious notice of the rising trend of online banking frauds.

The President in a statement has directed the Banking Mohtasib to take substantive and effective steps by using technology capable of differentiating between the genuine and fraudulent transaction attempts.

He also stressed upon the need of bringing about structured and systematic improvements in online banking mechanisms by immediately identifying the fraudulent persons and taking strong exemplary punitive actions against them.