UPDATE 2-Philippine executive bank bolsters cyber security, might umpire bitcoin operators

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* C.bank creates section focusing on cyber security

* Looking to umpire practical currencies to quarrel money

* May tie regulations on remittance firms, money

(Adds quotes, details)

By Karen Lema

CEBU, Philippines, Jun 4 The Philippine central
bank is bolstering cyber confidence notice to assistance boost
banks’ defences and is looking during controlling bitcoin operators
to fight income laundering, a comparison executive pronounced on Saturday.

More banks around a universe have depressed plant to cyber
attacks that concerned a use of fake SWIFT messages, the
same technique during a heart of February’s large burglary from the
Bangladesh executive bank.

The Philippine executive bank has set adult a apart cyber
security notice multiplication to qualification cyber confidence policies
and control notice work, guard cyber threats and test
the ability of supervised institutions to conduct cyber security
issues, Nestor Espenilla executive bank emissary administrator in charge
of banking supervision, pronounced in a harangue organized by a bank.

“We have a core IT organisation organisation … and within that
group we combined a new multiplication that is focused on cyber
security issues to strengthen the capacity

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