BDO Unibank has confirmed that nearly 700 clients have lost their money to cybercriminals who pilfered their funds to “Mark D. Nagoyo” and other spurious accounts in Union Bank of the Philippines over the weekend.

Diokno warns of sanctions for BDO, UnionBank over ‘Nagoyo’ scam

In a statement, the country’s biggest bank chaired by bilyonaryo Tessie Sy reported that BDO has been processing the reimbursement of recent online fraudulent transactions.

Anyare sa cybersecurity n’yo? House probe sought on BDO ‘Nagoyo’ hacking incident

“We have requested our clients to go to their branch of account and submit documentation to get the refund. The bank will shoulder the losses perpetrated by this cybercrime incident,” BDO said.

BDO did not give an estimate of how much funds were illegally transferred to the Nagoyo and other fictitious bank accounts opened by the perpetrators in UBP.

Sagot naman daw ni Tessie ang lahat ng lugi! BDO tells depositors to change password in the face of ruthless ‘Nagoyo’ hack

The cybercriminals transferred the BDO depositors’ funds through Instapay which has a daily limit of P50,000, the electronic fund transfer (EFT) service of Bancnet.

Nagoyo na! BDO clients report massive fraud over missing deposits

BDO had previously assured the victims that it would reimburse all funds that were stolen in an online fraud.

Bring back the money! Bangko Sentral working with BDO, UnionBank to reimburse victims of ‘Nagoyo’ hack

The post Refund on the way: BDO confirms almost 700 depositors affected by ‘Nagoyo’ cybercrime first appeared on Bilyonaryo Business News.



Refund on the way: BDO confirms almost 700 depositors affected by ‘Nagoyo’ cybercrime
Source: Filipino Daily Inquirer