ArCa payment system malfunctioned because of fraudsters

YEREVAN, February 16. /ARKA/. The Armenian national payment system Armenian Card (ArCa) reported a failure due to fraudsters.

“An unknown vulnerability was found in the Safari browser, due to which fraudsters were able to download saved passwords and personal data. This problem also affected those users of the ArCa app/site who had not set up two-factor authentication (2FA). For this reason, card-to-card transfers are not available on the ArCa app/website,” the national payment system said today.

It said that Apple updates for iOS 16.3.1, iPadOS 16.3.1, macOS Ventura 13.2.1 released February 13, 2023 allowed to solve the problem, the descriptions refer to a similar problem – information is available at: support.apple.com and howtogeek.com.

The ArCa system strongly recommends that users activate two-factor authentication (2FA) when connecting to their accounts.

“This option is available only in the web version of our site (not through the application) in the “Personal settings” section,’ ArCa warned. – –0–

spot_img

POPULAR

Armenia’s bank rates are responding slowly to the Central Bank’s rate cut, regulator 

Interest rates in Armenia's banking system are adjusting slowly, despite the reduction in the monetary policy rate and short-term market rates.

Armenia’s international reserves reached a record $6.19 billion in July 2026

Armenia's gross international reserves at the end of July 2026 amounted to $6,188.6 million, compared to $5,896.2 million at the end of June, according to a Central Bank report.

S&P: Armenia’s banking sector is well capitalized and highly profitable

Armenia's banking sector remains well capitalized and highly profitable, supported by high net interest income and robust economic growth, according to a report from international rating agency S&P Global Ratings.

Armenian dram weakened against the dollar and strengthened against the euro and ruble: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of August 24, 2026, increased by 0.22 points to 365.38 drams compared to August 21.

Armenia’s public debt will remain stable at just above 40% in the medium term – S&P

Armenia's public debt (excluding liquid assets) will remain broadly stable at just above 40% of GDP in the medium term, according to a report from the international rating agency S&P Global Ratings.

LATEST NEWS

spot_imgspot_imgspot_img