Federal Tax Ombudsman (FTO) has revealed a significant cybersecurity breach in the Federal Board of Revenue (FBR), resulting in a tax revenue loss of Rs. 14.66 billion.
Hackers exploited vulnerabilities in FBR’s security systems to report fake transactions worth Rs. 81.43 billion. This breach comes at a time when the FBR is already struggling to meet its revenue collection targets, having achieved only 43% of its monthly target in the first 18 days of September.
In response to the breach, the FTO has urged the FBR to take immediate action to strengthen its cybersecurity measures and prevent future attacks. The FTO has also called for increased efforts to recover outstanding taxes and ensure compliance with tax regulations.
The FBR is facing mounting pressure to improve its performance and meet its revenue targets. The cybersecurity breach further complicates its efforts and highlights the urgent need for enhanced security measures.
