CIMB restores funds of customers hit by unauthorized transactions

CIMB restores funds of customers hit by unauthorized transactions

MANILA, Philippines – CIMB Bank Philippines said on Sunday it had completed restoring the lost funds of all customers who reported losing as much as P500,000 due to unauthorized transactions. “We want to emphasize that our core banking system and customer data remain secure and uncompromised. Protecting your security continues to be our highest priority,” the purely digital commercial bank said. “We regret any inconvenience this incident may hav…

BSP coordinating with CIMB to resolve unauthorized fund transfers

The Bangko Sentral ng Pilipinas (BSP) on Sunday, April 28, said it is actively coordinating with CIMB Bank Philippines to address unauthorized fund transfers that have affected certain customers.​Citing a statement issued by the digital-only commercial bank last Friday, April 26, CIMB Bank assured both the BSP and its customers that the affected funds would be returned to the account owners.Preliminary reports indicate that the bank has already …

CIMB Bank Philippines Investigates Unauthorized Fund Transfers, Promises Full Reimbursement

The bank confirmed it is investigating the issue and pledged to return all impacted funds to affected accountholders.