There has been a rapid increase of cybercriminals hacking the online accounts of depositors from major Philippine banks. So far, there have also been a number of arrests. However, many continue to be apprehensive because hacking syndicates keep developing new and more sophisticated ways to launch cyberattacks. According to the Bankers Association of the Philippines, more than P1 billion was lost last year due to cyber fraud, with the criminals using emails, text messages and even social media to dupe people into disclosing sensitive data or personal information to hack credit cards, debit card…