Sen. Poe: BSP Must Publicize Sanctions to BDO, UnionBank
The senator added that bank depositors expect full accountability and recompense for damages and losses incurred.
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BDO Hack
BSP to Impose Sanctions on BDO and UnionBank over 2021 Hacking Incident
UnionBank also added that “there were no monetary penalties” and that all the recommendations of the BSP to avoid similar incidents had been implemented.
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BDO Denies Changing Online Banking Terms Due to ‘Nagoyo’ Scam
BDO has denied changing its terms and conditions for online banking stating that these have long been in place.
Read more [UPDATE] Crypto Community Reacted to BDO Hacking Incident
In a statement, BDO acknowledged the “sophisticated fraud technique” and assured their account holders that they have already implemented additional security measures. Furthermore, the bank said it will reimburse their customers’ losses.
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