MANILA (UPDATE) – An international modus operandi involving ATM cards has reached the Philippines and already siphoned off "millions of pesos."
An Inquirer report quotes local banking officials as saying the syndicate specializes in duplicating ATM cards and capturing PIN numbers to withdraw cash from victims' accounts.
One blogger, Spanky Enriquez, posted on his blog saying his ATM card was compromised.
“Apparently, some BDO cards have been compromised by a kind of security breach by hackers – at least, that's what I was made to understand when the screen of the ATM I was at blazed a bright red (!!!) when I tried to withdraw cash. I had to rush to my branch to get a new card and a new PIN,” the blogger wrote.
Meanwhile, Banco de Oro (BDO) says it will find ways to assist Enriquez once it determines the problem.
Local banking officials say they have taken measures to protect their customers. -- ANC