Date: July 11, 2024
Source: https://propakistani.pk/
TPS Worldwide, a provider of card processing services to banks, telecoms, and other financial institutions, successfully defended against a ransomware attack late last night.
While details are still emerging, reports indicate the attack targeted the TPS network. Thankfully, TPS contained the situation and prevented financial losses.
This incident highlights the ever-present threat of cyberattacks on financial institutions, which handle sensitive data and transactions. TPS, founded in 1996, offers a variety of services including card processing, payment gateways, and payment clearing. The company’s swift action to contain the attack underscores the importance of robust cybersecurity measures in the financial sector.
The source and nature of the attack remain under investigation, but a forensic analysis is likely underway. A statement from TPS is expected soon.
According to a press release from 1Link, a major Pakistani payment processor reliant on TPS, no customer data was compromised because TPS does not store such information. “There was no breach of any TPS customer connected through 1LINK either. The impact was restricted to internal TPS servers,” the statement clarified.
TPS reportedly advised its partners to review recent security patches and heighten vigilance by scanning their systems.
Efforts to reach TPS for comment were unsuccessful, but this article will be updated with any further developments.
For more details, please visit
