Philippines Largest Online Stock Brokerage Firm Hacked

Philippine Stocks Exchange

Philippines Largest Online Stock Brokerage Firm Hacked

Philippines government’s privacy watchdog said on Sunday that it was closely monitoring the “possible personal data breach” on the country’s largest online stock brokerage firm, which has almost a quarter of a million clients trading shares its internet-based trading platform.

The agency said it had been informed by the stock brokerage – one of the most active trading participants on the Philippine Stock Exchange by volume – that it was “hiring a third party group to perform an independent security and vulnerability check of the system.”

In press statement, National Privacy Commission (NPC) chief Raymund Enriquez Liboro ordered COL Financial five days to submit a comprehensive report on the potential hacking of its client database to aid in the agency’s probe as well as to help it decide on its next course of action.

Liboro said his agency as informed at 3:30 p.m. of Friday about the potential data breach to its system which was initially detected in the afternoon of Oct. 17, 2017.

Read more: Inquirer Business