The regulator issued recommendations for banks to reinforce.
The Bangko Sentral ng Pilipinas (BSP) published recommendations for banks to fortify email security controls to effectively but a halt on persistent cyberthreats such as business email compromise (BEC), spam, phishing, ransomware and other malware attacks.
In a memo, the BSP said it requires supervised institutions to adopt recommendations for a robust and layered security controls as well as industry best practices already embedded on existing cybersecurity regulations.
