Officials of the United Coconut Planters Bank (UCPB) are set to file charges against the perpetrators of the cyber theft that cost the bank some P167 million in June 2020.
The cyber theft, which was first reported by local finance website bilyonaryo.com, occurred during the Independence Day weekend this year. Hackers were said to have used a combination of ATM withdrawals and online transfers to undertake the heist.
Cybersecurity firm Kaspersky said the infamous online heist in 2016 should prompt business organizations to put up another layer of security to prevent the incident of that magnitude from happening again.
