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Rizal Commercial Banking Corp fined $21m over cybersecurity failings

August 5, 2016 Author: Category: Greg's Blog

Source: National Cyber Security – Produced By Gregory Evans The Bangko Sentral ng Pilipinas (BSP), Philippines’ central bank, has issued a PHP 1 billion ($21 million) fine to Rizal Commercial Banking Corp (RCBC) for cybersecurity failings. RCBC was used by cyber criminals to channel $81 million stolen from Bangladesh’s central…

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