Lumaktaw sa pangunahing content

BSP highlights consumers’ role in reducing cyber risks

Consumers play a critical role in reducing their vulnerability to cyber risks, according to the Bangko Sentral ng Pilipinas (BSP).

BSP Governor Benjamin Diokno. TMT File Photo

In a virtual briefing on Thursday, BSP Governor Benjamin Diokno said that as the central bank promotes the wider use of safe digital payments under the new economy, it was also aware of the need to address risks related to the increased accessibility of innovative digital financial products and services.

“This includes efforts to stamp out fraud related to the use of credit card,” he added.
Based on the Bangko Sentral’s analysis, fraudulent credit card transactions commonly involve information and identity theft; phishing and its variations; and card skimming and card replacement schemes, according to the central bank chief.

“Note that unwittingly divulging personal and account information may lead to unauthorized credit card usage,” he said.

With this, Diokno said the BSP believes that electronic safety was a collective responsibility.
“The BSP also recognizes the critical role of consumers in reducing vulnerability to cyber risks. Credit card holders must know their rights as well as their responsibilities when using plastic,” he added.

To help consumers, the Bangko Sentral governor said the regulator would continue sustaining its information campaign, citing its Digital Literacy Program, which disseminated advice on how to protect online banking accounts.

This includes creating strong passwords, watching out for phishing emails and spoofed websites, and keeping one’s account and personal information confidential.

The Bangko Sentral also has a consumer assistance mechanism that enables financial consumers to forward their concerns to BSP-supervised financial institutions (BSFIs).

This mechanism is now more accessible through the BSP Online Buddy (BOB), Diokno said.

The central bank also issued regulations mandating BSFIs to put in place stringent information technology security controls and sound risk management practices, and to adopt industry-standard technology, like a multifactor authentication system for online transactions.

It also tightened the reporting requirements for BSFIs on cyber-related incidents and operational disruptions to ensure that consumers are protected should an actual attack take place.


Source: ManilaTimes
Mga etiketa:

Mga Komento

Mag-post ng isang Komento

Mga sikat na post sa blog na ito

How Vieira is transforming Palace

A cursory glance at the Premier League table suggests little has changed for Crystal Palace this season. In fact, with only one win from their opening seven games, they are three points worse off than they were at the same stage of the last campaign. And yet, despite middling results, the mood around the club is one of renewed optimism. Roy Hodgson provided stability but Patrick Vieira is striving for something more. It only takes a visit to Selhurst Park to see how supporters are responding. Last month’s 3-0 victory over Tottenham, played in a feverish atmosphere in the south-London sunshine, offered a tantalising glimpse of what the future might look like. In fact, the third goal, scored by Odsonne Edouard after fine work from Michael Olise and Connor Gallagher, was a neat encapsulation of the club’s change of direction under Vieira. Please use Chrome browser for a more accessible video player Watch highlights from Crystal Palace’s 3-0 win over Tottenham Palace were th
Mag-post ng isang Komento
Magbasa nang higit pa

TikTok donates $300,000 for typhoon victims in PH

Over the course of two weeks, two devastating back to back typhoons hit the Philippines. On November 1st, Super Typhoon Rolly (Goni) the strongest typhoon ever recorded in recent history struck the southern region of the Philippines. An estimated two million Filipinos have been affected, many of whom lost their homes and livelihoods. Ten days later, Typhoon Ulysses (Vamco) swept through many of the same provinces previously devastated by Typhoon Rolly, including Metro Manila and parts of Central Luzon leaving widespread flooding and power outages. Many areas are still struggling to recover from the aftermath of these calamities. Homes and livelihood across various provinces were lost to floods, strong winds and rain. LGUs and other organizations continue to mobilize and provide assistance to all who were affected by these typhoons, but many are still in desperate need of help. In line with its mission to inspire creativity and bring joy, TikTok has pledged to donate $300,000 (approxi
Mag-post ng isang Komento
Magbasa nang higit pa

‘Ang Dating Daan’ founder Eli Soriano, 73

ELISEO “Eli” Soriano, televangelist and founder of the Members Church of God International, also known as “Ang Dating Daan” (The Old Path), died early Friday morning in Brazil. He was 73 years old. “It is with deep sadness, yet with full faith in the Almighty, that we announce the passing of our beloved and one and only Bro. Eliseo “Eli” Soriano — a faithful preacher, brother, father, and grandfather to many,” The group said in its Facebook page. There were no details on the cause of his death. Soriano started his preaching in Guagua, Pampanga, and later started his media evangelism career on radio in 1980 and on television in 1983. He is known for his method of using biblical expositions under the “Itanong mo kay Soriano (Ask Soriano)” television program, where his audience can get a chance to ask him questions, as well as for his “revelations” of doctrinal errors in other religions. He was also known to debate with various religious leaders and sects, especially against the infl
Mag-post ng isang Komento
Magbasa nang higit pa