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Manila Bulletin devider Philippines devider National devider DOJ, BAP to forge agreement vs bank cybercrimes

DOJ, BAP to forge agreement vs bank cybercrimes

Published Dec 27, 2021 11:52 am

Department of Justice

The Department of Justice (DOJ), through its Office of Cybercrime (OOC) is set to forge an agreement with the Bankers Association of the Philippines (BAP) for “a collective, coordinated, and strategic cybercrime response within the banking industry.”

DOJ-OOC Officer-in-Charge Charito A. Zamora said a Memorandum of Understanding (MOU) between DOJ and BAP “is being finalized to establish a formal agreement that would promote a genuine atmosphere of collaboration and alliance through an effective and efficient partnership meant to curb cybercrime and cyber-related offenses nationwide.”

Bankers Association of the Philippines

Zamora said that while the MOU has yet to be signed, “the OOC has been consistently cooperating with the BAP through capacity building and public awareness on cybercrime.”

This month, a big universal bank was victim of cybercrime when about 700 of its depositors were victimized. The bank has assured the return of the lost deposits of its clients.

The National Bureau of Investigation (NBI), Bangko Sentral ng Pilipinas (BSP) and the National Privacy Commission (NPC) have started their probe into the bank accounts hacking incidents.

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