As the holiday season draws near, Filipinos are expected to once again spend more money as they buy presents and prepare for their get-togethers and celebrations. This culture of gift giving has always fueled one of the happiest peaks of the year, and has undoubtedly carved its way into the hearts of many families, loved ones, and friends. However, with the rising number of purchases and transactions, the holiday season has also become a prime time for criminals to do their worst.
Just this August, the government signed Republic Act No. 11449 into law, proclaiming that bank hacking is now a heinous crime punishable by life imprisonment, with a fine of up to PhP 5 million. In support of this act, PSBank shares timely tips to ensure that your hard-earned funds are always well protected.
