Cybersecurity
Philippine Banks Had Isolated Cyber Attacks, Central Bank Says
- Cyber attacks were "small and manageable": deputy governor
- None of the attacks was of same magnitude as Bangladesh heist
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Philippine banks had “isolated” cases of cyber attacks that resulted in small financial losses, according to Bangko Sentral ng Pilipinas Deputy Governor Nestor Espenilla.
None of the attacks was of the same magnitude as the recent Bangladesh heist, he said. Philippine authorities are investigating how $81 million of the $1 billion that hackers tried to steal from Bangladesh’s central bank in February were routed through Rizal Commercial Banking Corp. in the Philippines.