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Uruguay's BROU reports illegal withdrawals following phishing incident

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Uruguay's BROU reports illegal withdrawals following phishing incident

Banco de la República Oriental del Uruguay said illegal withdrawals worth about $25,000 were made from 100 bank accounts following a phishing incident, El País reported.

The bank defined phishing as "a fraud technique that allows criminals to obtain confidential information, such as usernames and passwords of clients, posing as a reliable and legitimate communication from a financial institution."

The breach of the accounts has been resolved, the bank said, adding that it has already started giving refunds to the affected clients.

The bank said it will also take legal actions against the perpetrators of the illegal act.