The Bangko Sentral ng Pilipinas teamed up with the Bankers Association of the Philippines and the Bank Marketing Association of the Philippines to roll out the “Check-Protect-Report” information drive to foster cyber hygiene among Filipinos.
“Check” is about being careful when sharing information as legitimate banks and financial institutions will only ask for personal data when they are contacted by their clients. “Protect” means safeguarding and not sharing personal data to senders of random text messages or emails, while “Report” enjoins financial consumers to urgently inform their banks or FIs about suspicious transactions.
The communication campaign aims to equip Filipino financial consumers with the information needed to protect themselves against online scams.
“Amid the rise in digital transactions, the CPR campaign encapsulates what we encourage the public to cultivate as a habit. It is expected to enhance financial consumer welfare, further strengthen confidence in the use of electronic payments, and therefore promote growth,” BSP Governor Felipe Medalla said in a statement Monday.
“Bolstering public trust in the payment system is supportive of the BSP’s goals under the Digital Payments Transformation Roadmap, which aims to digitalize half of the volume of retail payments and onboard 70 percent of Filipino adults to the formal financial system by 2023,” he said.
