We hope to engage in conversation on how Israel’s cybersecurity model and best practices can be adopted here in the Philippines and how all of us can work together in combatting rapidly evolving cyberthreats. With the growing popularity of digital channels especially during the pandemic, cyber-attackers and scammers are increasingly targeting financial consumers to defraud them of their hardearned money.
We, at the BSP, consider cybersecurity as one of our strategic priorities. This is in line with our mandate of ensuring stability, safety, and efficiency of the financial system. In fostering cybersecurity, the BSP adopts comprehensive, agile, risk-based, and engaging approach which we term as CARE to stay ahead of our common cyber enemies.