Philippine central bank probes account hacks

Central bank governor Benjamin Diokno said Bangko Sentral ng Pilipinas was working with the banks to address the issue and take remedial steps. (Reuters/File)
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Updated 13 December 2021
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Philippine central bank probes account hacks

  • Customers have reported losing thousands of pesos in major online banking fraud

MANILA: The central bank of the Philippines said on Sunday it was looking into a wave of complaints emerging on social media over the hacking of local bank accounts.

Customers of the country’s largest lender, BDO Unibank, have for the past few days been reporting unauthorized transactions to the Union Bank of the Philippines and abroad, as well as accounts being blocked. 

Central bank governor Benjamin Diokno said Bangko Sentral ng Pilipinas was working with the banks to address the issue and take remedial steps.

“The Bangko Sentral ng Pilipinas has been monitoring the surge in complaints posted in social media platforms since the early part of this week,” Diokno said in a statement.

“We are in close coordination with Banco De Oro (BDO) as well as Union Bank of the Philippines on this incident to ensure that remedial measures are being undertaken, including reimbursement of affected consumers.”

BDO said it was aware of a “sophisticated fraud technique” that has affected some of its clients.

FASTFACTS

•Customers of the country’s largest lender, BDO Unibank, have for the past few days been reporting unauthorized transactions to the Union Bank of the Philippines and abroad, as well as accounts being blocked. 

•The lenders have not yet estimated how much money was taken, but hundreds of users of a Facebook group created on Saturday to collect complaints over the illegal transactions have each been reporting losing thousands of pesos.

“We assure you that we have already implemented additional security controls to block further attempts and continue to protect bank credentials,” the bank said.

The lenders have not yet estimated how much money was taken, but hundreds of users of a Facebook group created on Saturday to collect complaints over the illegal transactions have each been reporting losing thousands of pesos.

Bankers Association of the Philippines President Jose Arnulfo Veloso urged the public to be more vigilant in light of the rising number of financial cybercrime incidents in the country.

“If you do not give your personal information to others, cybercriminals will never be able to steal your money,” he said. “It is not enough to just know how to avoid cybercriminals. You are our ally when it comes to stopping them from harming other people.”


Starmer arrives in China to defend ‘pragmatic’ partnership

Updated 28 January 2026
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Starmer arrives in China to defend ‘pragmatic’ partnership

  • British Prime Minister Keir Starmer arrived in Beijing on Wednesday to meet with Chinese leader Xi Jinping, hoping to restore long fraught relations

BEIJING: British Prime Minister Keir Starmer arrived in Beijing on Wednesday to meet with Chinese leader Xi Jinping, hoping to restore long fraught relations.
It is the first visit to China by a UK prime minister since 2018 and follows a string of Western leaders courting Beijing in recent weeks, pivoting from a mercurial United States.
Starmer, who is also expected to visit Shanghai on Friday, will later make a brief stop in Japan to meet with Prime Minister Sanae Takaichi.
For Xi, the trip is an opportunity to show Beijing can be a reliable partner at a time when President Donald Trump’s policies have rattled historic ties between Washington and its Western allies.
Starmer is battling record low popularity polls and hopes the visit can boost Britain’s beleaguered economy.
The trip has been lauded by Downing Street as a chance to boost trade and investment ties while raising thorny issues such as national security and human rights.
Starmer will meet with Xi for lunch on Thursday, followed by a meeting with Premier Li Qiang.
The British leader said on Wednesday this visit to China was “going to be a really important trip for us,” vowing to make “some real progress.”
There are “opportunities” to deepen bilateral relations, Starmer told reporters traveling with him on the plane to China.
“It doesn’t make sense to stick our head in the ground and bury in the sand when it comes to China, it’s in our interests to engage and not compromise on national security,” he added.
China, for its part, “is willing to take this visit as an opportunity to enhance political mutual trust,” foreign ministry spokesman Guo Jiakun reiterated Wednesday during a news briefing.
Starmer is the latest Western leader to be hosted by Beijing in recent months, following visits by Canadian Prime Minister Mark Carney and French President Emmanuel Macron.
Faced with Trump’s threats to impose tariffs on Canada for signing a trade agreement with China, and the US president’s attempts to create a new international institution with his “Board of Peace,” Beijing has been affirming its support for the United Nations to visiting leaders.
Reset ties 
UK-China relations plummeted in 2020 after Beijing imposed a sweeping national security law on Hong Kong, which severely curtailed freedoms in the former British colony.
They soured further since with both powers exchanging accusations of spying.
Starmer, however, was quick to deny fresh claims of Chinese spying after the Telegraph newspaper reported Monday that China had hacked the mobile phones of senior officials in Downing Street for several years.
“There’s no evidence of that. We’ve got robust schemes, security measures in place as you’d expect,” he told reporters on Wednesday.
Since taking the helm in 2024, Starmer has been at pains to reset ties with the world’s second-largest economy and Britain’s third-biggest trade partner.
In China, he will be accompanied by around 60 business leaders from the finance, pharmaceutical, automobile and other sectors, and cultural representatives as he tries to balance attracting vital investment and appearing firm on national security concerns.
The Labour leader also spoke to Xi on the sidelines of the G20 summit in Brazil in November 2024.
Jimmy Lai
The prime minister is also expected to raise the case of Hong Kong media mogul and democracy supporter Jimmy Lai, 78, a British national facing years in prison after being found guilty of collusion charges in December.
When asked by reporters about his plans to discuss Lai’s case, Starmer avoided specifics, but said engaging with Beijing was to ensure that “issues where we disagree can be discussed.”
“You know my practice, which is to raise issues that need to be raised,” added Starmer, who has been accused by the Conservative opposition of being too soft in his approach to Beijing.
Reporters Without Borders urged Starmer in a letter to secure Lai’s release during his visit.
The British government has also faced fierce domestic opposition after it approved this month contentious plans for a new Chinese mega-embassy in London, which critics say could be used to spy on and harass dissidents.
At the end of last year, Starmer acknowledged that China posed a “national security threat” to the UK, drawing flak from Chinese officials.
The countries also disagree on key issues including China’s close ties with Russian President Vladimir Putin amid the war in Ukraine, and accusations of human rights abuses in China.