BPI on processing error: 100% not a hack

The Bank of the Philippine Islands (BPI) has ruled out hacking as the cause of the processing error earlier this month.

"100 percent not a hack," BPI executive vice president for enterprise services Ramon Jocson said during a Senate hearing Wednesday.

Jocson earlier said the error was caused by a programmer who was processing transactions in a rush.

He was referring to the internal error in its system which caused transactions from April 27 to May 2 to be double-posted as of June 6. — RSJ, GMA News