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Pimentel seeks Senate probe on BPI technical glitch

By: - Reporter / @MAgerINQ
/ 11:35 AM June 09, 2017

Despite the Bank of the Philippine Islands’ (BPI) assurance that its system was not hacked, Senate President Aquilino “Koko” Pimentel III still wants a Senate inquiry on the alleged computer glitch that hit the bank’s financial system on Wednesday.

“The computer fiasco is a dangerous occurrence even as the BPI assured the public that the so-called internal data processing error was not a case of hacking as spontaneously reported by social media users in their public accounts,” Pimentel said in a statement on Friday.

On Wednesday, the BPI reported an “internal data processing error” that led to discrepancies in bank account balances of some of its clients.

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Social media users suspected the BPI system was hacked but this was immediately refuted by bank officials.

READ: BPI reports ‘internal data processing error’

Pimentel said the Senate inquiry would delve into the bank’s security protocols.

READ: BPI urged to explain systems glitch to clients

“The root cause of the data error must be fully explained by BPI to reassure the public that a similar incident would not occur again in the future,” the Senate leader said.

He also said local banks “must be on the lookout for a possible cyberattack as hackers worldwide have already victimized a number of banking institutions despite safeguard measures to preempt the commission of the crime.” IDL

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TAGS: Banking, BPI, Hacking, internal data processing error, Koko Pimentel, probe, Senate, systems glitch
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