700 BDO clients assured of reimbursement

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MANILA, Philippines—Close to 700 clients of local banking giant BDO Unibank have been affected by the recent “sophisticated” one-time-pin (OTP) fraud and their reimbursements are underway.

“We have requested our clients to go to their branch of account and submit documentation to get the refund. The bank will shoulder the losses perpetuated by this cybercrime incident,” BDO said in a press statement on Tuesday (Dec. 14).

BDO added that it had been working closely with the appropriate authorities and the Bangko Sentral ng Pilipinas (BSP) to prevent further occurrence.

TSB