2017 Bank of the Philippine Islands systems glitch
May 02, 2024
On June 7, 2017, the Bank of the Philippine Islands (BPI) suspended its online transaction and automatic teller machine services amidst reports of money missing from its account holders. There was speculation that BPI was compromised by hackers but the bank claimed that the problem was caused by an internal data processing error.[1] The scope of the issue was nationwide according to the bank[2] and also said that only a small portion of its customers were affected and that most of them were in Metro Manila.[3]
2017 Bank of the Philippine Islands systems glitch
One of the BPI branches located at Baliuag, Bulacan
It was reported that the value of some transactions made from April 27 to May 3, 2017, were doubled.[1] The bank issued a statement that they were resolving the issue and assured that its clients would not lose any money.[3]
BPI's stocks in the Philippine Stock Exchange remained unaffected in response to the incident. Luis Limlingan, head of research and sales at Regina Capital Development Corporation viewed that most investors could have seen the incident as a one-off event that could be resolved. According to Limlingan the real problem was how BPI dealt with its disgruntled customers.[4]
BPI announced that they resolved the issue at 9 p.m. on June 8, 2017. The Bangko Sentral ng Pilipinas, the country's central bank, launched a probe on the incident.[5]
^ ab"Major Philippine bank encounters serious problem". VietnamPlus. Vietnam News Agency. June 8, 2017. Retrieved June 8, 2017.
^Tomacruz, Sofia (June 8, 2017). "BPI clients frustrated over service concerns, money woes due to glitch". Rappler. Retrieved June 8, 2017.
^ abRada, Julito (June 8, 2017). "BPI glitch stirs chaos; central bank weighs in". Manila Standard. Retrieved June 8, 2017.
^Tomacruz, Sofia (June 7, 2017). "How investors view BPI's system glitch". Retrieved June 8, 2017.
^Agcaoili, Lawrence (June 10, 2017). . The Philippine Star. Archived from the original on December 13, 2017. Retrieved June 11, 2017.
May 02, 2024
2017, bank, philippine, islands, systems, glitch, june, 2017, bank, philippine, islands, suspended, online, transaction, automatic, teller, machine, services, amidst, reports, money, missing, from, account, holders, there, speculation, that, compromised, hacke. On June 7 2017 the Bank of the Philippine Islands BPI suspended its online transaction and automatic teller machine services amidst reports of money missing from its account holders There was speculation that BPI was compromised by hackers but the bank claimed that the problem was caused by an internal data processing error 1 The scope of the issue was nationwide according to the bank 2 and also said that only a small portion of its customers were affected and that most of them were in Metro Manila 3 2017 Bank of the Philippine Islands systems glitchOne of the BPI branches located at Baliuag BulacanDateJune 6 8 2017 2017 06 06 2017 06 08 LocationPhilippines nationwide TypeSystems glitch It was reported that the value of some transactions made from April 27 to May 3 2017 were doubled 1 The bank issued a statement that they were resolving the issue and assured that its clients would not lose any money 3 BPI s stocks in the Philippine Stock Exchange remained unaffected in response to the incident Luis Limlingan head of research and sales at Regina Capital Development Corporation viewed that most investors could have seen the incident as a one off event that could be resolved According to Limlingan the real problem was how BPI dealt with its disgruntled customers 4 BPI announced that they resolved the issue at 9 p m on June 8 2017 The Bangko Sentral ng Pilipinas the country s central bank launched a probe on the incident 5 See also edit2012 RBS Group computer system problemsReferences edit a b Major Philippine bank encounters serious problem VietnamPlus Vietnam News Agency June 8 2017 Retrieved June 8 2017 Tomacruz Sofia June 8 2017 BPI clients frustrated over service concerns money woes due to glitch Rappler Retrieved June 8 2017 a b Rada Julito June 8 2017 BPI glitch stirs chaos central bank weighs in Manila Standard Retrieved June 8 2017 Tomacruz Sofia June 7 2017 How investors view BPI s system glitch Retrieved June 8 2017 Agcaoili Lawrence June 10 2017 BSP starts probe on bank glitch The Philippine Star Archived from the original on December 13 2017 Retrieved June 11 2017 Retrieved from https en wikipedia org w index php title 2017 Bank of the Philippine Islands systems glitch amp oldid 1205986271, wikipedia, wiki, book, books, library,
