ADVERTISEMENTSensing that something was amiss when her cell phone signal was not restored overnight, Tan reported the incident to her telecom provider the next morning and called her bank to suspend her credit card. To date, the Tan family has yet to receive updates on how the hacking happened, or the course of action to take regarding the unauthorized credit card charges. In January, Sen. Sherwin Gatchalian also reported that his credit card had been hacked and some P1 million worth of food purchases had been charged to his account. Piling up lossesThese are just the more known incidents and are part of a much bigger financial cybercrime picture. As we usher in the new normal, Filipinos have become more comfortable in conducting bank transactions online,” said BAP president Wick Veloso, who is also president of Philippine National Bank.

Source: Philippine Daily Inquirer November 18, 2021 15:53 UTC