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Bangko Sentral, banking groups launch cyber hygiene information drive

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ABS-CBN News

<p>MANILA - The Bangko Sentral ng Pilipinas on Monday said it has partnered with the Bankers Association of the Philippines and the Bank Marketing Association of the Philippines to launch a cyber hygiene campaign to protect Filipinos from online scams.</p><p>In a statement, the BSP said the groups would roll out the &quot;Check-Protect-Report&quot; information drive.</p><p>&quot;Check&quot; is about being careful when sharing information, &quot;protect&quot; means safeguarding and not sharing personal data to random text messages or emails while &quot;report&quot; is urging Filipinos to urgently inform their banks of suspicious transactions, the central bank said. </p><p>“Amid the rise in digital transactions, the CPR campaign encapsulates what we encourage the public to cultivate as a habit. It is expected to enhance financial consumer welfare, further strengthen confidence in the use of electronic payments, and therefore promote growth,” said BSP Governor Felipe M. Medalla.</p><p>Bolstering public trust in the payment system is also in line with the BSP&#x27;s goal of digitizing 50 percent of retail payments and onboarding 70 percent of adult Filipinos to the formal banking system by 2023.</p><p>The BSP said the campaign also stressed that cyber security is a shared responsibility among financial regulators, industry participants and financial consumers. </p><p>“As proponents of safe and efficient banking practices, the banking industry continuously works closely with the regulators, legislators and law enforcement agencies to effectively curtail fraud and the proliferation of cybercrimes,&quot; said BAP President Antonio Moncupa.</p><p>&quot;Central to this goal is the protection of the banking public’s hard-earned funds which can only be achieved with the joint effort by the financial institutions, government agencies and the customers themselves,” he added.</p><p>Telcos in the Philippines also recently began mandatory SIM registration, which is also seen to reduce fraud. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/10/05/22/modus-scammers-na-nangkakaltas-ng-gcash-balance">MODUS: Scammers na nangkakaltas ng GCash balance</a></li>	<li><a href="https://news.abs-cbn.com/news/09/05/22/heres-how-text-scammers-likely-got-your-name-and-number">Text scam knows your name? Here&#x27;s how they likely got your data, says expert</a></li>	<li><a href="https://news.abs-cbn.com/news/12/27/22/sim-card-registration-starts-some-users-report-difficulties">SIM card registration begins; some users report difficulties</a></li></ul><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=2275279" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

The Bangko Sentral has partnered with banking industry groups to launch a cyber hygiene campaign to protect Filipinos from online scams.