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OFFICIAL STATEMENT ON THE RECENT METROBANK NEWS

The Bankers Association of the Philippines (BAP) is confident that Metropolitan Bank and Trust Company (Metrobank) will quickly resolve the recently reported theft committed by a senior official. This appears to be an isolated incident and we are confident the facts will arise from the ongoing investigations being carried out by both Metrobank and the Bangko Sentral ng Pilipinas (BSP). Such incident is quite unfortunate but we wish to reiterate that banks have established internal controls and systems and instituted separation of functions designed to help prevent crimes of this nature from happening. Suffice it …


News & Press Releases


News & Press Releases


News & Press Releases


News & Press Releases


How Valuable Is Your Data?

In 2018, Mark Zuckerberg, CEO of Facebook, testified to the United States Congress regarding the exposure of over 87 million Facebook profiles to political consulting firm Cambridge Analytica.    The data breach resulted from quiz app “thisisyourdigitallife”, which was used by 270,000 Facebook users – who in turn, allowed the app to access the profiles of all their friends. Cambridge Analytica was then able to glean data from those Facebook profiles to use for political campaigning.    In order to understand how modern technology allows for these situations, it is important to backtrack a little …