Senate sets investigationBDO Unibank Inc. (BDO) advised customers on Friday to report unauthorized transactions from their accounts, saying the bank has obtained information about possible automated teller machine (ATM) fraud. BDO claims ‘an ordinary incident’In a statement, BDO President Nestor Tan downplayed the glitches, saying such incidents are nothing out of the ordinary. “The matter of the security and integrity of our banking sector has now become an urgent topic to examine and be transparent about,” he added. Apart from the BPI and BDO incidents, the senate president also cited the recent arrests of foreigners caught tampering with ATMs. “Investigation is also needed to placate speculation on this issue that may negatively impinge upon or affect the banking sector as a whole,” Escudero added.

Source: Manila Times June 16, 2017 17:50 UTC