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Senator Sherwin Gatchalian urged regulators to strengthen consumer protection from various online financial frauds during the Christmas season.
Gatchalian said that financial institutions like the Bangko Sentral ng Pilipinas , Securities and Exchange Commission , Insurance Commission , and the Cooperative Development Authority should bolster their cybersecurity measures. “It’s about time that we put a lot of emphasis on what the regulators are implementing considering we have already enacted the law for the protection of consumers and financial products and services,” Gatchalian said. Macon Ramos-Araneta
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