Teachers victims of phishing scam, system was not hacked
The Land Bank of the Philippines said that its system was not hacked after reports that some teachers lost their money from unauthorized transactions.
The bank said the teachers were victims of a phishing scam.
Phishing involves the fraudulent practice of sending emails claiming to be from reputable companies to gain access to information of individuals such as passwords and credit card numbers.
“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 said.
“Landbank assures customers that their accounts and personal information remain safe, as the Bank maintains the highest level of security in all its systems,” it added.
Landbank advised its customers to avoid sharing personal information to others and not to click on suspicious links.
“Official Landbank representatives will never ask for the critical financial information of customers,” it said.