The BSP's Protect Your Money campaign highlights three essential rules every Filipino should know to spot financial scams, understand their rights, and report suspicious activity.
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Under the Anti-Financial Account Scamming Act, allowing others to use your bank account or e-wallet for financial transactions can make you criminally liable.
2 min read
Online task scams promise easy money but eventually trick victims into sending their own funds, making it important to recognize the warning signs before losing money.
2 min read
BSP-supervised banks and payment providers are phasing out SMS and email OTPs for high-risk transactions by June 30, 2026, replacing them with stronger authentication methods.
3 min read
GCash is replacing SMS-based OTPs with secure in-app OTPs to make transactions harder for scammers to intercept.
3 min read
BSP Circular No. 1213 requires banks to replace SMS and email OTPs for high-risk transactions with stronger authentication methods such as biometrics and device-based verification.
2 min read