Philippine Bank Chaos as Money Goes Missing From Accounts

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A major Philippine bank shut down online transactions and cash machines on Wednesday after money went missing from accounts, triggering fears it had been hacked even as company officials said it was an internal computer error.

Customers of Bank of the Philippine Islands (BPI) were shocked on Wednesday morning to see unauthorized withdrawals and deposits from their accounts.

BPI said in a statement the problem was caused by an “internal data processing error” that had been identified.

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