BusinessWorld E-paper
April 29, 2022
THE BANGKO SENTRAL ng Pilipinas (BSP) on Thursday said it has approved sanctions on BDO Unibank, Inc. and UnionBank of the Philippines, Inc. over an online fraud incident involving customer accounts in December.
In a statement, the BSP said it has completed the investigation into the incident that “originated from a compromised web service” and involved unauthorized access of BDO
accounts and fund transfers mostly to UnionBank accounts.
