Information sharing is vital to strengthen the banking sector’s fight against cyber attacks, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday. This, she stressed, calls for the need to practice information sharing on cyber security threats. Fonacier also urged BSP-supervised financial institutions that while they heighten their system, they also need to “step-up their information security posture … beyond their respective networks.”“So, it would not just your network. Information sharing allows BSP-supervised financial inclusion to enhance the threat intelligence, enables the quick identification, prevention and response to emerging and persistent threats,” she added. The Department of Information and Communications Technology (DICT), on the other hand, said it has partnered with international computer emergency response team (CERT) to share threat information.

Source: Manila Times May 05, 2018 16:30 UTC