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27-01-2022, 03:31 PM
PUBLISHED 2 HOURS AGO
MANILA (PHILIPPINE DAILY INQUIRER/ASIA NEWS NETWORK) - The country's banking sector was jolted by the revelation earlier this week by the Teachers' Dignity Coalition that more than 11 anguished public school teachers saw their accounts with Land Bank of the Philippines drained of between P26,000 and P121,000 (S$683 and S$3179) each, in yet another painful incident of cybercrime.
The group claimed that the teachers' Landbank accounts had been hacked, which means that the bank's online banking security systems had been breached. Landbank, however, denied any hacking incident and maintained that its systems were secure.
What happened, the bank said, was that the teachers' accounts were compromised through a phishing scam, where personal information was stolen to access their accounts through the opening, for instance, of spurious email messages.
Landbank referred to the incidents with the teachers as "isolated cases" and reminded its customers to protect themselves against phishing and other online banking fraud by refraining from opening suspicious emails, links, and attachments and sharing account and personal information.
Rest of the article at: https://www.straitstimes.com/asia/se-asi...e-inquirer
MANILA (PHILIPPINE DAILY INQUIRER/ASIA NEWS NETWORK) - The country's banking sector was jolted by the revelation earlier this week by the Teachers' Dignity Coalition that more than 11 anguished public school teachers saw their accounts with Land Bank of the Philippines drained of between P26,000 and P121,000 (S$683 and S$3179) each, in yet another painful incident of cybercrime.
The group claimed that the teachers' Landbank accounts had been hacked, which means that the bank's online banking security systems had been breached. Landbank, however, denied any hacking incident and maintained that its systems were secure.
What happened, the bank said, was that the teachers' accounts were compromised through a phishing scam, where personal information was stolen to access their accounts through the opening, for instance, of spurious email messages.
Landbank referred to the incidents with the teachers as "isolated cases" and reminded its customers to protect themselves against phishing and other online banking fraud by refraining from opening suspicious emails, links, and attachments and sharing account and personal information.
Rest of the article at: https://www.straitstimes.com/asia/se-asi...e-inquirer
