BSP pushes 'Check, Protect, Report' to fight digital fraud

WITH MORE Filipinos shifting to digital channels to save, shop, or send money, the Bangko Sentral ng Pilipinas (BSP) reminds the public to reap the benefits of digitalization while keeping safe from scams and fraud.

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As the country moves towards a cash-lite economy, the BSP is working for not just convenience but also trust and security. At the heart of this campaign is a simple and timely call to action: Check, Protect, Report or CPR.

A DIGITAL ECONOMY THAT PROTECTS ITS USERS

Digitalization has expanded access to financial services.

During and after the pandemic, millions of Filipinos opened bank and e-wallet transaction accounts for the first time—gaining access to savings, loans, and other financial services. But with this convenience comes increased risk from online fraud and cybercrime.