The Bangko Sentral ng Pilipinas (BSP) has ordered all BSP supervised financial institutions (BSFIs) to cooperate and to share relevant information in aid of investigating fraudulent activities.
The Bangko Sentral ng Pilipinas has ordered all BSP supervised financial institutions to cooperate and to share relevant information in aid of investigating fraudulent activities.
Based on the BSP’s continuous cyberthreat surveillance, the impact of cyber-attacks and fraudulent schemes extend over to two or more financial institutions simultaneously. The BSP sought clarification from the National Privacy Commission on the sharing of relevant information, especially sensitive personal information, which will need to be disclosed to investigate fraud.
Fonacier said PII covers all financial accounts such as e-money accounts, credit card accounts, and other non-deposit accounts.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Lao can be cited in contempt if he fails to attend Senate hearing anew'Lacson said Lao is not covered by President Rodrigo Duterte’s order to government officials not to appear in the Senate probe.
Read more »
PNP chief orders probe into killing of barangay chairman in CaloocanPolice say Gerry Apostol, chairman of Barangay 143 in Caloocan City, was shot dead inside his store by still unidentified assailants.
Read more »
Rundown: Financial institutions joining BSP's new person-to-merchant payment facility“With the QR Ph Person-to-Merchant (P2M) facility, there is no need to maintain separate accounts with different payment service providers,” the central bank said.
Read more »
PH shares rally as All Day shares hit price ceilingThe Philippine Stock Exchange Index rallied for a second straight day as the Villar Group's All Day marts make a stellar stock market debut.
Read more »
Why filing diplomatic protests vs China must continueA maritime affairs expert says China is playing the long game and the Philippines must be equally determined to hold on to its rightful territory.
Read more »
Lacson: Int'l community can help enforce SCS rulingPresidential aspirant Sen. Panfilo Lacson said the pressure from the international community could help in the implementation of the 2016 Arbitral win invalidating China’s expansive claim in the South China Sea.
Read more »