Banco de Oro (BDO) went thru huge trouble in the last quarter of 2021 with the hundreds of fraudulent transactions reported by customers. While there have been numerous attempts at hacking, phishing, and scams, this very incident with BDO has really scared a lot of people. We've had several talks with friends, colleagues, online sellers, who have told us they stopped using BDO because of this very incident and we can't blame them. And even if the alleged hackers were already arrested, consumer trust remains an issue. So, let's put the question out there again -- what will BDO need to do to regain your trust in online banking? Revise BDO's Terms and Conditions that appear to protect the bank more rather than to protect its customers. If someone hacked our system, it is the bank's money that was stolen. It's right up there together with the healthcare sector so incidents like the one that happened with BDO does not only affect them but the entire industry as a whole. Read more in our articles including "How can BDO regain your trust in Online Banking?" and "BDO Securities to shut down OTP Generator, will only accept SMS".
Banco de Oro (BDO) went thru huge trouble in the last quarter of 2021 with…
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Jun 21, 2026Banco de Oro (BDO) went thru huge trouble in the last quarter of 2021 with the hundreds of fraudulent transactions reported by customers. While there have been numerous attempts at hacking, phishing, and scams, this very incident with BDO has really scared a lot of people.
We've had several talks with friends, colleagues, online sellers, who have told us they stopped using BDO because of this very incident and we can't blame them. And even if the alleged hackers were already arrested, consumer trust remains an issue. So, let's put the question out there again -- what will BDO need to do to regain your trust in online banking?
Our coverage of bdo hack includes: "How can BDO regain your trust in Online Banking?"; "BDO Securities to shut down OTP Generator, will only accept SMS"; "BDO posts response to queries on Terms & Conditions". Each article provides unique insights and information.