RETAIL BANKING | Staff Reporter, Philippines

Philippine banks on alert following Malaysian cyberattack

The central bank cautioned local banks especially during the long holiday.

Reuters reports that the Philippine central bank has issued an alert to local financial institutions following a malicious cyber attack aimed at Malaysia’s central bank. 

“We issued a general alert reminder as soon as we got BNM advisory to be extra careful over the long holiday. Although banks already do that as SOP (standard operating procedure),” Bangko Sentral ng Pilipinas Governor Nestor Espenilla told Reuters.

The alert was sounded on Wednesday despite the lack of a specific threat.

Bank Negara Malaysia was sieged by falsified wire-transfer requests over the SWIFT bank messaging network but revealed that no funds were lost.

Here’s more from Reuters.

Photo from User:Ramon FVelasquez

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.