Spot the difference: Banks’ web addresses can now be copied by hackers

Hackers are getting more creative in copying banks’ authenticated websites so they can get their hands on clients’ deposits.

A new scam that has been circulating for months involves a one-letter difference in the URL of a bank’s website, which spells the difference between getting hacked by fraudsters.

Apparently, the letter “a” in the website link is being replaced by hackers to an “a” version from the Greek alphabet, as well as the second “a” in Maybank’s official page.

The style difference might be insignificant for some, but checking the website address could spell the difference between getting hacked and keeping deposits safe.

As an additional precaution, make sure that the bank’s URL includes “https.” It’s a protocol that means data transfer between the website and the user’s web browser is secure.

Teddy Limcaoco named as BAP’s new president

Bank of Philippine Islands’ chief executive Jose Teodoro K. Limcaoco, has been elected as the new president of the Bankers Association of the Philippines (BAP), replacing East West Banking Corp. vice chair Antonio Moncupa Jr.