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BSP forms cyber resilience council
The Philippine Star
|February 21, 2025
The Bangko Sentral ng Pilipinas (BSP) has launched a cyber resilience body to reinforce the country's defenses against growing digital threats.
The Financial Cyber Resilience Governance Council (FCRGC) was formally introduced on Feb. 11 at the BSP head office in Manila to enhance cybersecurity collaboration across the financial sector.
The body will oversee the implementation of the 2024-2029 Financial Services Cyber Resilience Plan (FSCRP), which outlines key strategies to safeguard the financial system's integrity.
BSP Governor Eli Remolona Jr. said it is important to strengthen the financial system's cyber defenses in light of evolving cyber risks.
"This council represents our collective resolve to strengthen our cyber defenses," Remolona said.
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