Cyberthreats encountered by banks will have to be quickly reported under soon-to-be-issued rules aimed at strengthening the industry, a senior Bangko Sentral ng Pilipinas (BSP) official said on Tuesday.

Central bank Deputy Governor Chuchi Fonacier said the BSP was looking to implement a 24-hour prescriptive period for cyberthreat reporting by supervised financial institutions.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details