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An opinion piece warns that the Philippines’ growing reliance on digital banking exposes financial institutions and depositors to risks from cyberattacks, system outages and weak financial governance.
Summary
Citing banking disruptions in Paraguay, France and Taiwan, it urges Philippine banks and the Bangko Sentral ng Pilipinas to strengthen cybersecurity, audit third-party providers, test recovery systems and protect customers’ access to their funds.
This is a brief wire summary, the full story (linked below) has the complete details.
KazaSec's take
Stories like this are part of why proactive security testing exists, finding the gap before someone else does is always cheaper than responding after the fact.
Coverage details
We've archived 172 other articles touching the same topic (business) , see the full security news archive.
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