The Bangko Sentral ng Pilipinas (BSP) on Wednesday, Jan. 4, said it has directed BPI to submit regular or even hourly updates on how it is resolving the technical glitch after the Ayala-owned bank issued an advisory on the incident.
The Bangko Sentral ng Pilipinas on Wednesday, Jan. 4, said it has directed Bank of the Philippine Islands to submit regular or even hourly updates on how it is resolving the technical glitch after the Ayala-owned bank issued an advisory on the incident.
In an advisory on Jan. 4 @TalktoBPI on Twitter, BPI stated that some automated teller machines , cash accept machines , point-of-saie or POS, and e-commerce debit transactions from Dec. 30 to 31 were posted twice. Banks deal with threats of cyber-related attacks on their cash machines on a daily basis. Other threats that banks and non-banks had to watch out for every day are data breach and financial losses resulting to compromised cyber security systems.In the past, banks were required to report cyber-related issues within 10 days after it happened.
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