According to Bangko Sentral ng Pilipinas’ (BSP) 2021 cyber threats surveillance, the top three types of cyber incidents reported by its supervised financial institutions (BSFIs) were: phishing, “card not present” fraud, and identity theft.

Source: https://mb.com.ph/2023/01/10/ofbank-branchless-digital-only-bank-warns-users-on-cybersecurity-risks/?utm_source=rss&utm_medium=rss&utm_campaign=ofbank-branchless-digital-only-bank-warns-users-on-cybersecurity-risks

The BSP also emphasized that BSFIs are required to put up a consumer protection risk management system and to follow the standards of disclosure and transparency.

Source: https://mb.com.ph/2023/01/08/bsp-to-issue-arbitration-rules-this-month/?utm_source=rss&utm_medium=rss&utm_campaign=bsp-to-issue-arbitration-rules-this-month