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Chilean congressman asks regulator to audit Itaú CorpBanca's cybersecurity

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Chilean congressman asks regulator to audit Itaú CorpBanca's cybersecurity

A Chilean congressman has asked the country's financial regulator to perform an audit of Itaú CorpBanca's cybersecurity standards after repeated complaints from clients claiming they were victims of unauthorized transactions, Diario Financiero reported.

Chamber of Deputies member Sebastián Torrealba reportedly made the request at a meeting between the regulator SBIF and bank clients who claim to have been defrauded through unauthorized transactions after alleged computer security failures. Chile's national consumer service agency Sernac reportedly received 138 complaints from clients of the bank related to such issues. Itaú CorpBanca, however, maintained that its security systems had not been breached when the consumer agency first contacted the bank in March.

The purported issues at Itaú CorpBanca come on the heels of a virus attack at Banco de Chile in May that resulted in the theft of some $10 million.

In the wake of the incidents, Chile's congressional committee on economic affairs plans to set up a meeting with key stakeholders within the country's financial sector — including representatives from Banco Central de Chile, regulators, the finance ministry and state-run Banco del Estado de Chile — to discuss the current state of cybersecurity, according to Diario Financiero.