Cybercriminals hacked BDO accounts, stealing between P25,000 and P50,000 pesos per account, according to the social media community in the Philippines.
A number of BDO customers have reported that their bank accounts have been hacked, with cyber criminals making illicit transactions to UnionBank accounts, according to social media posts.
![bdo](https://everytechever.com/images/uploads/2021/12/bdo-terms-and-condition.jpg)
Hackers siphoned money from BDO accounts and transferred it to a UnionBank account under a false name, according to a Manila Bulletin investigation, and used the proceeds to buy PHP 5 million worth of Bitcoin from a cryptocurrency market on December 11. Nearly 700 clients’ reimbursements are being processed by BDO. Customers claim that they were requested to sign a quitclaim, which states that they will not sue the bank as a result of the occurrence.
Due to the recent occurrence, BDO has issued a statement stating that it has not amended any restrictions to its terms and conditions.
![bdo](https://everytechever.com/images/uploads/2021/12/bfo-change-password-1024x1024.jpg)
The liability clause, according to the business, is standard practice in the banking industry. To retain a positive customer connection, the company made an exception and took on the losses that were not caused by the clients.
BDO previously admitted to becoming a victim of a sophisticated fraud scheme that harmed several of its clients.
You can read more about the incident in our earlier piece, which can be found right here.