BPI Client Became Instant Billionaire Due To Illegitimate Crediting Of Funds Caused By BPI Glitch
Numerous account holders of the Bank of the Philippine Islands (BPI) was shocked due to a system glitch, which makes a BPI client an instant billionaire.
On early Wednesday morning (June 07, 2017), most BPI clients were shocked due to unauthorized transactions, which debited a huge amount of cash on their bank accounts. Some clients complains that an amount of P5, 000 were missing from their accounts.
BPI senior vice president Cathy Santamaria clarified that the issue was not caused by hackers, instead it was caused an error in their internal data processing. She also assured their clients that they were already doing their best to address the issue before the end of the day.
Here is the advisory of BPI earlier:
“BPI ADVISORY:
Further to our announcement this morning, we have identified an internal system error that caused some transactions occurring between April 27 and May 2 to be double-posted as of June 6.
We have identified the root cause of this error, and are temporarily suspending access to electronic channels to speed up rectification. All BPI branches will open on time this morning, and will continue to service your needs.
We anticipate full resolution of this error within today. We wish to reassure our clients that this matter will be resolved expediently, and that none of them will lose money from this incident.”
Meanwhile, the system glitch also caused unauthorized crediting of funds to some BPI clients with an amount of P3, 000 to P4, 000. But a certain account holder became an instant billionaire due to BPI glitch.
The Facebook page “YugaTech” has posted a photo of a bank transaction of a certain BPI client who became an instant millionaire when the system glitch. The unidentified bank account holder gained P12, 435,323,567.04 from BPI system glitch.
What can you say about the BPI glitch? Just feel free to leave your comments and reactions for this article.
