Cooperation and information sharing in the financial system are crucial in enhancing the sector’s resilience from cybersecurity threats, the Bangko Sentral ng Pilipinas (BSP) said.
In an executive forum organized by Maybank Philippines, Inc., BSP Deputy Governor Chuchi G. Fonacier said cooperation within the financial system is integral to shield itself from threats posed in the digital space.
“Beyond merely enforcing compliance, cooperation and collaboration engagements among relevant stakeholders, which include fellow regulators, the banking industry as well as relevant state agencies, lay a critical role in enhancing the financial system’s cyber-resilience,” she said in a keynote speech. — Karl Angelo N. Vidal