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How To Protect Your Bank Account From Fraud Attacks

Some tips for added security
by Andrei Medina | Jan 12, 2018
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Everyone is advised to be extra vigilant in safeguarding their bank accounts after some local banks have reported being the target of fraudulent activities.

BPI for one has already warned its clients of a fake URL ( that mimics the layout of their online banking portal. Before it was taken down, this fake URL was used to harvest the login credentials of unsuspecting clients.

Here are six simple tips from BPI to protect your hard-earned cash:

1) Securely manage your password.

2) Protect your computer against viruses, malicious programs, and hacking attacks.

3) Be aware of various phishing styles.

4) Avoid doing online banking transactions using public computers such as those in the internet cafes.

5) Regularly check your deposit and credit card transactions.

6) Update your registered e-mail address.


BPI isn’t the only bank that recently encountered these security problems. Clients of BDO have also reported multiple cases of unauthorized withdrawals where they suddenly discover that their accounts were missing cash after being used for purchases outside the country.

Continue reading below ↓

Here’s BDO’s statement on the issue:bdo

So far, the Bangko Sentral ng Pilipinas has already launched an investigation to get to the bottom of these fraudulent activities.

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