BPI Accounts Hit by Unauthorized Transactions Bug?

We have received information that Bank of the Philippine Islands customers, mostly those with payroll accounts, were hit by unauthorized transactions. A lot of those have their current balance cut in half or cut by the amount of their previous transactions. It was also discovered that some of the accounts had negative amounts.

UPDATE #2 from BPI page: BPI ADVISORY:
Due to an internal data processing error, some clients may have seen their accounts debited twice or credited twice for a past transaction. We are currently correcting the mispostings.
We apologize for the inconvenience that this may have caused.

UPDATE: There is confirmation that not only Payroll accounts were affected. Still trying to find contact from BPI to give light to this issue.

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The said issue is now reported to the Information Security department of BPI and they are currently working to fix the problem. Here are some of the posts regarding the BPI issue. If you haven’t checked your account yet, check yours now!

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