Bayan Muna lawmakers want probe into alleged online banking fraud

Some progressive lawmakers on Monday sought an investigation into the reported unauthorized bank transactions involving certain BDO Unibank Inc. accounts.

In filing House Resolution 2405, Bayan Muna Representatives Ferdinand Gaite, Eufemia Cullamat, and Carlos Zarate urged the House committee on banks and financial intermediaries to investigate, in aid of legislation, the reported fraudulent bank transactions.

“More than the admission of the occurrence of security breach or fraud and pursuing reactive measures, the members of the banking industry, as well as the BSP, should put in place more protective measures and policies to protect the interest of the public and the integrity of the banking transactions,” the lawmakers said.

“Moreover, in the immediate, there is a need for speedy reimbursements of the affected consumers of their lost hard-earned money,” they added.

There have been reports over the weekend that a number of BDO clients fell victim to fraudulent schemes, with the firm saying it will reimburse losses of the affected clients.

The BSP is already looking into the issue of data breach involving certain BDO accounts. It is also coordinating with its stakeholders for the reimbursement of the reported unauthorized bank transfers.

The BSP vowed to exhaust all means to ensure security of online bank transactions.

The BDO, meanwhile, has called on its customers to change their passwords to protect their accounts, especially at this period wherein many employees have been receiving their bonuses amid the holiday season.—AOL, GMA News

Bayan Muna lawmakers want probe into alleged online banking fraud
Source: Filipino Viral News PH