Strengthening Digital Security: Why Cyber Hygiene Is No Longer Optional

As digital transactions become the norm in the Philippines, the Bangko Sentral ng Pilipinas (BSP) is urging consumers to prioritize “cyber hygiene” to protect themselves from financial fraud. With online banking, mobile payments, and e-wallet transactions surging in popularity, reported incidents of unauthorized transfers and fraudulent activities have also been on the rise. While financial institutions implement strict security measures, the BSP reminds everyone that cybersecurity is a shared responsibility consumers must also take proactive steps to safeguard their digital transactions.

Cyber hygiene refers to simple but essential security practices such as using strong passwords, enabling two-factor authentication, and staying vigilant against phishing scams. With cybercriminals continuously finding new ways to exploit vulnerabilities, awareness and risk management should become part of every Filipino’s daily routine. BSP Governor Benjamin E. Diokno stresses that cybersecurity education is crucial, ensuring that individuals not only understand the risks but also take preventive measures to protect their financial assets.

The push for stronger cyber hygiene habits aligns with the BSP’s broader goal of expanding digital finance accessibility. By 2023, the central bank aimed to have at least 70% of adult Filipinos using bank accounts or e-wallets while shifting 50% of retail transactions to digital platforms. However, for this digital transformation to be truly beneficial, security must remain a top priority. Consumers should not only embrace convenience but also recognize the responsibility that comes with managing financial transactions online.

As digital threats continue to evolve, both individuals and businesses must take cybersecurity seriously. Financial institutions are investing heavily in security infrastructure, but consumers also need to be mindful of their role in protecting their accounts. Organizations, particularly those handling sensitive financial data, must adopt advanced cybersecurity solutions to stay ahead of cyber threats. Directpath Global Technologies (DGT) provides comprehensive security services such as Managed Threat Detection (MTD), Extended Detection and Response (XDR), and Vulnerability Risk Management as a Service (VRMaaS), helping businesses strengthen their security posture. With an advanced Artificial Intelligence Division, DGT also tailors solutions to meet the unique needs of various industries, ensuring that digital operations remain secure and resilient.

As the BSP continues to push for financial inclusion and digital adoption, cybersecurity cannot be an afterthought. Whether for individuals managing personal transactions or businesses handling vast amounts of financial data, practicing cyber hygiene is no longer optional it is essential for safeguarding digital assets in an increasingly connected world. Source: ABS CBN News