Philippine banks want more laws as cyber-crime losses mount


MANILA, Feb 5 (Bloomberg): The Philippines’ biggest bankers’ group boosted cooperation with the government and sought new laws against cybercrime, as losses due to these illicit activities hit 1 billion pesos (US$19.6 million) during the pandemic.

The Bankers Association of the Philippines signed on Friday (Feb 4) a memorandum with the Department of Justice to bolster information-sharing and collaboration against cybercrimes.

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Philippines , Banks , Expectation , Laws , Against , Cyber-Crime

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