Company in focus: Huge cyber heist via RCBC rocks Philippines banking- Nikkei Asian Review

Philippines banking system

Philippines Banking System In Trouble

If you’re wondering why suddenly MSBs in the US and UK are wary of Philippines, it is because of what happened in Bangladesh. The US$ 81 Million that was stolen in a cyber heist is being traced back to the Philippines banking system and investigators are uncovering more collusion with people on ground in the PH banking system.

MANILA — Can a multimillion-dollar dirty money transaction be orchestrated by the manager of an ordinary bank branch? Rizal Commercial Banking Corp.,

Source: Company in focus: Huge cyber heist via RCBC rocks Philippine banking- Nikkei Asian Review

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