Banking & Insurance
Over 1-M bank accounts hacked as cybercrime shifts to stolen logins
More than one million online banking accounts were compromised in 2025 as cybercriminals shifted tactics toward stealing login credentials and reusing stolen data, according to a new report from Kaspersky. The report shows attackers are moving away from traditional banking malware on computers and instead relying on social engineering schemes and dark web marketplaces, while threats targeting mobile devices continue to rise.
BSP pledges vigilance as S&P maintains stable rating for PH sovereign
The Bangko Sentral ng Pilipinas (BSP) on Thursday confirmed that the Philippines has held on to its investment-grade credit rating of “BBB+” with a stable outlook, as reaffirmed by S&P Global Ratings. The rating outlook was revised from “positive” to “stable” due to the ripple effects of the ongoing Middle East conflict on the global economy.
GSIS rolls out P19-B Balik Ginhawa refunds to members, pensioners
The Government Service Insurance System (GSIS) began releasing refunds under its Balik Ginhawa (Loan Moratorium Through Refund) program last Wednesday, with qualified members and pensioners now receiving the proceeds in their accounts.
BPI rolls out auto deals amid tighter budgets
Bank of the Philippine Islands (BPI) has launched special vehicle financing offers to help Filipinos purchase cars and motorcycles as tighter household budgets weigh on consumer spending, underscoring the lender’s push to support mobility.
S&P revises Philippines outlook; oil risks clouds ratings upgrade
The Philippines’ push toward a higher credit rating has been put on hold as global risks cloud the near-term outlook, even as underlying economic fundamentals remain intact.
