PSBank is ready to be the reliable teammate you need to help you defend against cyber-attacks.
Maintaining a balanced lifestyle nowadays feels more and more like a game. Between work, hobbies, exercise, and personal responsibilities, we’re all juggling multiple things at once and it can be difficult to stay on the ball at all times. And this makes it all the more challenging to pay attention to out-of-sight-out-of-mind dangers such as cyber-attacks.
According to the Cybercrime Investigation and Coordinating Center (CICC), cybercrime complaints more than tripled in 2024. With 10,004 cases filed, a staggering rise from 3,317 in 2023, these scams have led to PHP198 million in total financial losses, underscoring the growing sophistication of fraud these days. Consumer fraud and online financial fraud account for 67% of all reported cases as fraudsters continue to exploit deceptive tactics—fake online sales, impersonation scams, investment fraud, and phishing are just a few.
This is why, now more than ever, you need a solid game plan to improve your defense.
A Defensive Player On Your Team
PSBank, one of the leading banks in the Philippines, has been beefing up its online security and defenses for a safer and more responsible online banking experience, to win the game against online fraud.
Among PSBank’s biggest highlights so far is the upgrading of its online security banking. To strengthen the defense of the PSBank Mobile app, clients now have the ability to lock access to their accounts on platforms they don’t normally use. This ensures that their PSBank accounts remain restricted to their preferred and regularly utilized channels. They can also lock or unlock their ATM cards through the app, providing an extra layer of defense against unauthorized transactions.
Beyond security, PSBank Mobile is also working towards a more efficient game plan for its users. Their team is continuing to simplify digital banking with a faster, more seamless account opening process: account verification has been shortened by allowing customers to open an account with just one valid ID and a selfie. The app also offers zero initial deposit requirements, real-time bill payments, RFID reloading for tolls, and a lower InstaPay transfer fee—ensuring that users can enjoy safe and hassle-free banking.
Of course, while improved security is paramount in defending against cyber-attacks, it’s still up to us to learn how to properly defend ourselves in our own ways.
Become A Better Player
In between balancing all the many facets of your life, it’s a good idea to take some time to train yourself to defend against cyber-attacks. With this, PSBank offers the best strategies you can put into action:
- Verify sender identities – Always double-check emails, messages, or calls claiming to be from banks or government agencies. Scammers often impersonate trusted institutions.
- Avoid clicking on suspicious links – Phishing scams rely on fake websites that mimic legitimate platforms to steal login credentials. Always access bank websites and apps directly.
- Use strong, unique passwords – Avoid using the same password across multiple accounts. Enable two-factor authentication whenever possible.
- Never share banking credentials – Banks will never ask for your PIN, OTP, or account details via email, text, or call. If someone requests this information, it’s likely a scam.
- Monitor account activity regularly – Frequently check your bank statements and transaction history for any unauthorized activity. Report suspicious transactions immediately.
- Report scams promptly – If you fall victim to fraud, contact your bank and report the incident to the government’s 1326 cybercrime hotline, available 24/7 to assist victims.
As cybercriminals continue to innovate their own deceptive game plans, fortifying your digital security is no longer just an option—it’s a necessity.
This is why PSBank is committed to being the teammate you can rely on by enhancing its defenses to take on the challenges of this ever-changing playing field. However, we must also remember that the ball is in our court.
Fraudsters may adapt, but with the right security measures and a well-informed digital banking community, Filipinos can continue navigating the online world like champs.
Banner image from Ketut Subiyanto via Pexels.