As part of its digital literacy campaign, the Bangko Sentral ng Pilipinas (BSP) is reminding consumers that have migrated to online financial transactions to get in the habit of practicing good cyber hygiene.
“Cybersecurity awareness and cyber risk management should be part of the daily routine of Filipinos,” advised BSP Governor Benjamin E. Diokno. “Every consumer must diligently observe cyber hygiene practices to protect themselves from scammers and fraudulent financial transactions.”
The BSP said cyber hygiene is a set of practices and steps that users of digital devices and financial services take to ensure online security.
“While BSP policies and regulations directs supervised financial institutions to comply with stringent cybersecurity risk management protocols and internal controls, consumers also have the responsibility to reduce their vulnerability to usage errors and be vigilant against financial crimes perpetrated online,” said the BSP.
The COVID-19 pandemic and the necessary lockdown and containment measures increased the need for online financial transactions. Not surprisingly, the BSP said issues and concerns about internet banking, mobile…
