Cybersecurity incident
Date: 2020-09-09 00:00:00
Affected organization: Unnamed Philippine bank
Affected country: Philippines
Industry: Finance and Insurance
Event type: Exploitive
Event subtype: Exploitation of Application Server
Motive: Financial
Actor: Nigerian Individuals
Actor type: Criminal
Actor country: Philippines
Description: The Philippines National Bureau of Investigation has arrested four Nigerian nationals for alleged involvement in a syndicate that hacks and siphons funds from banks. The fraudsters' were found after hacking into a Philippine banks and transferring P100 million to a different account.