Landbank: Teachers who lost money fell victims to phishing scam | Inquirer Business
Close  

Landbank: Teachers who lost money fell victims to phishing scam

By: - Reporter / @bendeveraINQ
/ 06:13 PM January 24, 2022

MANILa, Philippines—Land Bank of the Philippines on Monday said the teachers whose bank accounts lost money had fallen victims to a phishing scam despite its “safe” systems.

READ: Some teachers lose P26K to P121K each in alleged bank hacking — group

ADVERTISEMENT

Phishing happens when a bank customer receives an email directing the unsuspecting client to click an attachment or link, which, in turn, enables the tech-savvy scammer to access the victim’s bank information.

In many cases, phishing emails do not look suspicious as scammers try to copy or make them look like legitimate bank emails.

FEATURED STORIES

Following reports from Teachers’ Dignity Coalition that some teachers lost between P26,000 and P121,000 each after their Landbank accounts were allegedly hacked, the state-run lender said its systems “were not hacked and remain secure.”

“According to the initial investigation by Landbank, the devices of the teachers were hacked via phishing, which compromised their personal information,” it said in a statement.

“The bank has already reached out to the affected customers and is working on the resolution of these isolated cases at the soonest possible time,” it added.

The lender urged vigilance against phishing and other online banking fraud. “Landbank reminds its customers to refrain from opening suspicious emails, links and attachments, and sharing your account and personal information. Official Landbank representatives will never ask for the critical financial information of customers.”

Landbank said it kept “the highest level of security in all its systems” so that customers’ accounts and personal information were protected.

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Hacking, Land Bank of the Philippines, phishing, Teachers' Dignity Coalition
For feedback, complaints, or inquiries, contact us.

Curated business news

By providing an email address. I agree to the Terms of Use and
acknowledge that I have read the Privacy Policy.



© Copyright 1997-2022 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.