Philippines’ National Bureau of Investigation (NBI) has arrested four Nigerian in Municipal City.

The agency arrested the students for alleged involvement in the hacking stealing of funds from banks.

Vic Lorenzo who serves as the NBI Cybercrime Division Chief said the Nigerians were part of an international syndicate who hack banking systems, taking advantage of the flaws in their systems.

The NBI, however, stated that the students violated the Access Device Law, Anti-Cyber-crime law, and falsification of public documents.

Philippines-based ABS-CBN News said fraudulent transactions were traced after they hacked a system of one Philippine bank, where at least P100 million were transferred and diverted into a different account.

Lorenzo also added that the international syndicate is complicated to the point that they study the system’s flaws.

"Once they see a weakness, they will take advantage of that,” Lorenzo added.

READ MORE: https://news.1app.online/philippines-national-bureau-of-investigation-arrests-four-nigerian-students-see-why/