Fraud

Published by
Philippine Star

FIRST PERSON – Alex Magno – The Philippine Star December 14, 2021 | 12:00am This is what keeps bank executives awake at night: the possibility of a major hack involving the accounts of small depositors. When this happens, the confidence of depositors is shaken. The bigger risk to the bank is often reputational. Trust is the most important asset banks have. When that is broken, the business suffers. Over the past few days, social media was alive with stories about fraudulent withdrawals from BDO depositors. The withdrawals were directed to an account at another bank. According to one report, th…

Read More

Leave a Reply