Senate President Aquilino “Koko” Pimentel wants the chamber to examine the alleged laptop glitch that hit the monetary system of the Bank of the Philippine Islands (BPI) this week, inflicting inconvenience and panic amongst a number of financial institution purchasers.

In an announcement Friday (June 9), Pimentel stated the proposed Senate inquiry will delve into the financial institution’s safety protocols, including the foundation explanation for the info error should be totally defined by BPI to reassure the general public comparable incident wouldn’t happen once more sooner or later.

BPI, one of many oldest banks within the nation, earlier stated an “internal data processing error” resulted in discrepancies within the checking account balances, debits for some and will increase within the financial institution statements of different depositors.

Pimentel expressed alarm at what he referred to as a “dangerous occurrence” even when the BPI assured that the so-called inner knowledge processing error was not a case of hacking.

Some depositors complained that they nonetheless can’t entry their accounts or withdraw cash even after BPI stated its system has been restored to regular.

Source: politics.com.ph