Cybersecurity Breach: Economic Appeals or Fake Tweets?
Pakistan's Ministry of Economic Affairs' X account was hacked, posting a fake appeal for international loans amid tensions with India. The hack coincided with economic upheaval, affecting the stock market and coinciding with an IMF meeting. Missteps in language raised suspicions about the post's authenticity.
- Country:
- Pakistan
Pakistan suffered a digital breach on Friday as its Ministry of Economic Affairs reported a hack in its X account, resulting in a bogus appeal for international financial aid. The fabricated message attributed financial strain to rising tensions with India.
The fake plea posted by the Economic Affairs Division urged the global community to assist in de-escalating the situation following the Pahalgam terror attack. This was coupled with alarming economic repercussions, as the Pakistan Stock Exchange nosedived, dropping over 6,000 points.
The suspect post came at a crucial time, coinciding with an IMF executive board meeting about Pakistan's existing loan agreements. Meanwhile, corrective trading on Friday led to a partial recovery of over 1,000 points.
(With inputs from agencies.)
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