Oman Arab Bank, a key player in the Middle East’s BFSI sector, faced a sophisticated cybersecurity breach targeting its digital banking infrastructure in 2024. The attack, attributed to a state-sponsored threat actor, exploited vulnerabilities in the bank’s online payment gateway and customer authentication systems. While the breach was mitigated with assistance from Trend Micro’s advanced threat detection solutions, preliminary investigations revealed that malicious actors gained unauthorized access to transaction logs and partial customer data, including account numbers and transaction histories though no full financial theft or large-scale fraud was confirmed. The incident triggered regulatory scrutiny under the Payment Card Industry Data Security Standard (PCI DSS) and Central Bank of Oman’s cybersecurity directives, risking potential fines and reputational harm. The bank was forced to temporarily suspend mobile banking services for 48 hours, disrupting operations and eroding customer trust. While no direct financial losses were publicly disclosed, the attack exposed systemic weaknesses in the bank’s third-party vendor integrations, a recurring challenge in the region’s cybersecurity landscape. The breach underscored the escalating threats faced by Middle Eastern financial institutions amid accelerated digital transformation and geopolitically motivated cyber campaigns.
TPRM report: https://www.rankiteo.com/company/omanarabbank
"id": "oma5153451102725",
"linkid": "omanarabbank",
"type": "Cyber Attack",
"date": "7/2025",
"severity": "85",
"impact": "4",
"explanation": "Attack with significant impact with customers data leaks"{'description': 'The provided content is a market research report on the '
'Middle East cybersecurity market, not a specific cyber '
'incident. No incident details are available.',
'references': [{'date_accessed': '2025-07-10',
'source': 'ResearchAndMarkets.com',
'url': 'https://www.researchandmarkets.com/r/tl1rz4'}]}