ByKarachi, Pakistan: A cyberattack on the Federal Board of Revenue (FBR) has resulted in a tax fraud of Rs14.66 billion. The breach compromised taxpayer data and allowed cybercriminals to conduct fake transactions worth Rs81.43 billion.
This incident highlights the critical need for the FBR to strengthen its cybersecurity measures to protect sensitive taxpayer information and prevent future attacks. ARY News
The FBR is facing challenges in achieving its monthly revenue targets, and the tax fraud has further complicated its efforts. The FBR has directed its offices to intensify their efforts to recover outstanding taxes and ensure timely filing of returns.
The FBR must take immediate steps to address the cybersecurity vulnerabilities and prevent similar attacks in the future. Protecting taxpayer data is essential for maintaining public trust and ensuring the integrity of the tax system.
