BLOG 5
Blog Entry No. 5 A significant data breach occurred at AiBiCi Bank, a prominent financial institution in Mindpinas, when an unauthorized third party accessed its client database. The breach compromised the personal information of over 50,000 clients, including names, addresses, phone numbers, and account numbers. Investigations revealed that the incident was caused by weak cybersecurity protocols and improper encryption of client data. Furthermore, the breach was exacerbated by the bank management’s failure to implement necessary security updates, despite repeated warnings from IT staff. The National Privacy Commission (NPC) conducted an investigation and found that AiBiCi Bank violated Sections 26 (Unauthorized Processing of Personal Information) and 28 (Accessing Personal Information Due to Negligence) of RA 10173, the Data Privacy Act of 2012. As a result, the bank was fined ₱5 million and ordered to improve its security measures. Additionally, key bank executives ...