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.
We are also looking for such signs in respect of a number of old private sector banks, many of which are not able to cushion their NPAs, expand their business and induct technology due to limited capital base.