The Bangko Sentral ng Pilipinas (BSP) has urged its supervised financial institutions, or BSFI’s, to revisit recommended measures against phishing attacks as cybercriminals keep taking advantage of the coronavirus disease 2019 (Covid-19) pandemic.

“Phishing attacks remain to be one of the top cyberrisks in the digital financial services landscape, especially in this time of the Covid-19 pandemic, [when] the use of digital payments and financial services has significantly increased,” BSP Deputy Governor Chuchi Fonacier said in a December 12 memorandum.