Landbank says teachers fell to phishing scam, no hacking

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Landbank says its systems remain 'safe and secure,' but notes that teachers' payroll accounts were accessed via a phishing scam.

MANILA, Philippines – State-run Land Bank of the Philippines said its systems were not hacked, following claims of teachers losing as much as P121,000 of their life savings in their payroll accounts.

The Teachers’ Dignity Coalition said some of its members lost money ranging from P26,000 to P121,000 from their Landbank accounts, which were then transferred to other banks as well as GCash accounts. “Unfortunately, when he checked the balance a day after, an amount of P121,000 was stolen and transferred to a GCash account,” TDC said.

“The bank has already reached out to the affected customers and is working on the resolution of these isolated cases at the soonest possible time,” Landbank said.

 

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