In 2016, when $81 million was stolen by hackers from the Bangladesh Bank and funneled through casinos in the Philippines, BPI resolved to invest more in cybersecurity. The ambitious cybersecurity program that ensued involved an annual investment of at least P2 billion in cybersecurity improvements.
The signing of the agreement, which coincided with the first Philippine International Cybersecurity Conference in Davao City last week, aims to further enhance capacity development and institution building on cybersecurity within the government sector as it seeks to ensure public safety and security in the 21st century.
Signaling the growth of the country's space program, the Philippines posted another milestone on Monday, October 29, after sending the Diwata-2 micro-satellite into space.