On Friday, September 9, the Digital Infrastructure group of the Private Sector Advisory Council (PSAC) initiated the joint efforts of local telecommunication players (telcos) to uphold their commitment to consumer protection amid growing fraud concerns. During the 2022 UnionBank Innovation Festival held at the newly opened UnionBank Innovation Campus in San Pedro, Laguna, executives of UnionBank of the Philippines, Globe Group, Smart Communications, and Converge ICT Solutions signed a Memorandum of Understanding (MOU) to strengthen cybersecurity and combat financial crimes through Fraud Prevention and Data Sharing Measures. This marks the first course of action of the PSAC Digital Infrastructure sector, headed by UnionBank Chief Technology and Operations Officer and Chief Transformation Officer Henry Aguda, shortly after it was formed last month.
