In response to the escalating threat of cyber fraud and scams in the country, the Bank of the Philippine Islands (BPI) continues to ramp up the nation’s cybersecurity strategies as it spearheads the BPI Cybersecurity and Consumer Protection Conference 2024, urging Filipinos to participate and proactively combat cyberthreats in the country.
With the theme “Securing Consumer Trust and Fortifying Cyber-Resilience in an AI World,” the conference, which will be held on July 31 at Fairmont Makati, seeks to highlight the importance of a multi-stakeholder approach to fostering cyber-resilience and pushing for support toward policies that promote consumer protection and cybersecurity. According to the Philippine National Police, cybercrime cases increased to 21,300 in 2023 from 13,890 in 2022.
“We are fully aware that cyberthreats are getting more sophisticated these days. It is therefore critical to be two steps ahead to address cyber scams and increase awareness of Filipinos about these illicit online activities. With the challenges at hand, we encourage interested individuals to attend the conference so they can learn about relevant plans, policies, and initiatives on cybersecurity and consumer protection in the time of artificial intelligence,” said TG Limcaoco, BPI President and CEO.
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