The Bangko Sentral ng Pilipinas (BSP) lauded the quick action of law enforcement agencies which led to the arrest of several suspects, including two Nigerians, allegedly behind the hacking of 700 deposit accounts in Sy-led BDO Unibank last year.
“We, at the BSP, highly welcome this recent development and commend the NBI for their swift action in arresting the people behind the recent cyber incident,” the central bank said in a statement.
Also arrested was the alleged suspect brains behind the Mark Nagoyo accounts in the Aboitiz family’s Union Bank of the Philippines wherein proceeds of the unauthorized electronic fund transactions from BDO depositors were transferred.
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“This will be instrumental in upholding public confidence in the financial system as cyber threat actors will now think twice before violating the law,” the BSP said.
“The BSP shall continue to work closely with banks, law enforcement agencies and other key stakeholders to ensure the successful prosecution of the cyber criminals and maintain the security of digital financial services,” it added.