PHL Banks to Ramp up Investments in Cybersecurity, Collaborate with Gov’t - BusinessWorld Online

PHL banks to ramp up investments in cybersecurity, collaborate with gov’t - BusinessWorld Online

THE PHILIPPINE banking industry, in cooperation with the government and private sector, is set to boost its cybersecurity-related technology spending to improve the delivery of financial services, the Bankers Association of the Philippines (BAP) said. “Banks throughout the Philippines are set to ramp up their technology-related investments, seeing it as a way to boost their operational efficiencies and enhance the quality of their services to co…

US financial groups call reforms in federal agencies’ data handling

US financial trade associations have urged the Treasury Department to bring reforms in how federal regulatory agencies manage data.  The move follows a series of breaches that compromised the security of bank regulators.   The letter dated 9 June 2025, addressing to Treasury Secretary Scott Bessent, was signed by the American Bankers Association, Bank Policy Institute, Managed Funds Association, and Securities Industry and Financial Markets Asso…

Third-party cyber breaches surge 25% in Europe’s top banks

Third-party cyber breaches at Europe’s top 100 banks surged 25% last year, exposing systemic weaknesses in their digital supply chains under rising regulation.

Bank groups warn of regulators' cybersecurity weaknesses

A coalition of financial trade groups urges federal agencies to match private-sector cybersecurity standards.