Customer data in bank is property, its misuse may be a crime: LHC

LAHORE: The Lahore High Court (LHC) has ruled that customer data entrusted to a bank constitutes “property” under the law and its dishonest misuse may amount to criminal breach of trust. Justice Tariq Saleem Sheikh issued the ruling granting post-arrest bail to a telecom franchise operator accused in a multi-million-rupee SIM-swap fraud case while refusing bail to a private bank employee. The National Cyber Crime Investigation Agency (NCCIA) had registered the case about the alleged fraudulent issuance of duplicate SIMs, using victims’ CNICs and fingerprints and unauthorised transfers of Rs10.45m from six customers’ accounts of the private bank. Justice Sheikh maintained that customer…