Philippine banks face tougher cyber rules
More complex banks should implement a round-the-clock “security operations centre”
The Central Bank of the Philippines (BSP) has launched more stringent cyber security guidelines on information security management, highlighting the roles of banks’ top management and board members.
“This is to address the growing concerns on the fast-evolving cyber threats that continue to confront global as well as domestic financial communities,” the BSP says in a statement.
Under the plans, larger banks will be expected to employ more sophisticated means to protect themselves from cyber
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