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MANILA - State-owned Development Bank of the Philippines (DBP) has signed a memorandum of agreement with the Cybercrime Investigation and Coordinating Center (CICC) to further strengthen the bank against potential cybersecurity threats and boost its capacity to defend critical system infrastructure, a top official said. DBP president and chief executive officer Emmanuel Herbosa said CICC would be providing the necessary technical expertise and assistance to DBP in crafting the bank's cybersecurity plan and ensure its alignment with globally-accepted standards and protocols of the national cybersecurity plan. "DBP acknowledges that investing in cybersecurity is not only a crucial concern, but also indispensable to protect the stakeholder data and information stored in our system," Herbosa said. DBP is the fifth largest bank in the country in terms of assets and has a branch network of 131 branches and 12 branch-lite units. It provides credit support to four strategic secto ....

Emmanuel Herbosa , Communications Technology , Department Of Information , Development Bank , Cybercrime Investigation , Coordinating Center , Republic Act , Cybercrime Prevention Act , Dante Liban , Manila State Owned Development Bank Of The Philippines Dbp Has Signeda Memorandum Agreement With Cybercrime Investigation And Coordinating Center Cicc To Further Strengthen Against Potential Cybersecurity Threats Boost Its Capacity Defend Critical System Infrastructure , A Top Official Said Dbp President And Chief Executive Officer Emmanuel Herbosa Cicc Would Be Providing The Necessary Technical Expertise Assistance To In Crafting Bank 39s Cybersecurity Plan Ensure Its Alignment With Globally Accepted Standards Protocols Of National Quot Acknowledges That Investing Is Not Onlya Crucial Concern , Ut Also Indispensable To Protect The Stakeholder Data And Information Stored In Our System , Uot Herbosa Said Dbp Is The Fifth Largest Bank In Country Terms Of Assets And Hasa Branch Network 131 Branches 12 Lite Units It Provides Credit Support To Four Strategic Sectors Economy Infrastructure Logistics Micro , Mall And Medium Enterprises Environment Social Services Community Development Cicc Is An Attached Agency Of The Department Information Communications Technology Was Created By Republic Act 10175 , R The Cybercrime Prevention Act Of 2012 It Oversees Formulation Philippines National Cybersecurity Plan , Stablishment Of The National Computer Emergency Response Team , Nd The Facilitation Of International Cooperation On Intelligence Regarding Cybersecurity Matters Under Partnership , Erbosa Said Dbp And Cicc Would Collaborate In Institutionalizing Cyber Policies To Pave The Way For Adaptation Of Needed Technologies Protect 39s Data , Nd Critical Infrastructures He Said The Agreement Also Entails Monitoring Of Bank 39s Compliance To Mitigate Threats In Cyberspace , Uot Cicc Will Assist Dbp In Coordinating With Appropriate Agencies Case Of Cybercrime Incidents Quot Director And Head The Bank 39s Board Level It Governance Committee Dante Liban Said , Uot We Look Forward To This Collaboration With Cicc As Continue Build Up Dbp 39s Capacity On Cybercrime Prevention And Suppression Give Our Clients Partnersa Cybersafe Banking Experience Quot Last December , He Department Of Finance Directed All Government Financial Institutions Under Its Administrative Supervision To Enhance Their Respective Cybersecurity Defense Systems Amidst An Expected Increase In Cybercrimes Due Toa Surge The Use Digital Transactions Pr ,