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cyber heist

UCBP set to file charges against perpetrators of P167-M cyber heist

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.

Gov’t vows to run after criminals behind P167-M cyber heist at UCPB

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.

As online banking booms, firms urged to heed lessons of Bangladesh Bank 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.
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