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RCBC Faces lawsuit of over 81 million dollars cyberheist
DHAKA - Bangladesh's Central Bank files a lawsuit in New York against Philippine bank over the largest cyber attack. Over $81 million from the Bangladesh central bank were transferred to Manila branch of the Rizal Commercial Banking Corp (RCBC).
"Rizal Commercial Banking Corporation (RCBC) and its various officials are involved in money heist from Bangladesh Bank's reserve account and the bank is liable in this regard,"
This is just one of the Philippine Banks that was affected by Cybercrime attacks.
Source:
Who knows, YOU might be the next target.
Digital Protection Service in compliance with Philippine Cybercrime Law
Republic Act No. 10175, or The Cybercrime Prevention Act of 2012, was signed to help companies, especially Banking and Finance, mitigate preventive measures to protect the company's digital assets against cybercrime or illegal activities
As the Philippines emerges over large businesses who use the internet as part of business nuanced - high potential threat for cybercrime activities leading to stealing digital assets data.
Digital Protection Service detects, recover and reports directly to CEO, DPO or IT manager any potential threats that harms their data assets
E-Commerce Law (Republic Act 8792) helps protect online businesses from cybersecurity threats that will steal information from businesses' clients or customers that have their private information stored on the database.
Any business owners, CEO, COO, CISO or Data Protection Officer that violates the law or evaded this law is accountable for a severe penalty to years of imprisonment.
For more info. about types of violation penalties, read here:
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Protection Roadmap: Our 3A's
Digital Protection Service Team monitors your digital assets by 24/7 to detect the slightest evidence of a cyber attack.
ASSESS
Vulnerabilities
Cyber Security Team identifies vulnerabilities in devices across your entire digital infrastructure
ALERTS
DPS detects and alerts you for malicious threats to your digital assets
ASSURED
Remedies
DPS compensates you for the costs incurred to remedy digital damage