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In essence, the strategy in this particular incident was like this -- identify hackable online bank accounts (in this case, BDO), transfer funds to an intermediary bank where you can siphon money to a fictitious or dummy bank account (in this case, UnionBank) and then use the collected funds to buy crypto-currency (in this case, Bitcoin). Read more in our articles including "Crypto has made hacking online banks more rewarding" and "BDO statement on fraudulent transactions".

More About bdo unionbank bsp

Frequently Asked Questions

What is bdo unionbank bsp?

In essence, the strategy in this particular incident was like this -- identify hackable online bank accounts (in this case, BDO), transfer funds to an intermediary bank where you can siphon money to a fictitious or dummy bank account (in this case, UnionBank) and then use the collected funds to buy crypto-currency (in this case, Bitcoin).

Where can I find articles about bdo unionbank bsp?

Our coverage of bdo unionbank bsp includes: "Crypto has made hacking online banks more rewarding"; "BDO statement on fraudulent transactions"; "BDO to charge Php10 to send to any BDO accounts". Each article provides unique insights and information.