BSP coordinates with two banks to help hacked accounts

The Banko Sentral ng Pilipinas (BSP) has coordinated with Banco de Oro (BDO) and Union Bank of the Philippines (UBP) to return money to BDO account owners that were hacked.

“The BSP has been monitoring the surge in complaints posted in social media platforms since the early part of this week. We are in close coordination with BDO as well as UBP on this incident to ensure that remedial measures are being undertaken, including reimbursement of affected consumers,” BSP Gov. Benjamin Diokno said.

According to Diokno, BSP is collaborating with BDO and UBP to reimburse or return the missing money to the victims of the hacking.

“BSP will do everything to ensure the safety and integrity of the financial system as well as the protection of financial consumers,” Diokno said. -Report from Naomi Tiburcio/PG

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