THE Bangko Sentral ng Pilipinas (BSP) imposed sanctions on BDO Unibank Inc. and Union Bank of the Philippines (UBP) for a cybercrime incident that occurred in December of last year.
The central bank said in a statement on Thursday that it has completed its investigation into the incident originated from a compromised web service, which entailed unauthorized access to BDO accounts and fund transfers mostly to UnionBank accounts.
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