Financial institutions are directed to adopt "robust and layered" security controls and industry best practices to reinforce email security.
October 15, 2022The recommended control measures include the removal of clickable links in emails and SMS and customer notifications for fund transfers and contact information changes.
April 27, 2022Under new relations, Philippine banks and NBFIs are required to implement automated and real-time fraud monitoring and detection systems by end-December.
March 31, 2022The advisory comes in anticipation of an influx of financial activities that usually occur during elections. The Philippines has a general election on 8 May.
February 22, 2022Banks should "at a minimum" consider four scenarios when calibrating their fraud management systems and account and transaction monitoring rules/parameters.
January 6, 2022