Grab Philippines has partnered with the Department of Information and Communications Technology (DICT) to help promote cybersecurity and share strategies to combat financial technology (fintech) and e-commerce crimes.
According to Grab Philippines Public Affairs Head Sherielysse Bonifacio, the partnership aims to protect its app users from cybercrime, noting that tying up with the government is an “integral” part of boosting cybersecurity in the country.
“Public-private sector collaboration is an integral component of efforts to fight digital crime, which is why Grab is working with agencies such as the DICT to ensure the security of our platform.”
With the partnership, Grab and the DICT have organized several knowledge sessions on cybersecurity in fintech and e-commerce.
“With e-commerce in the country estimated at half a trillion pesos last year, and it being projected to hit a trillion pesos by 2026, it is imperative for the private sector to be proactive in efforts to protect Filipino consumers who are doing more and more of their transactions online,” Bonifacio said.
ICT Undersecretary Paul Mercado noted that it was vital to increase public awareness and vigilance against various cybersecurity threats that exist.
ICT Assistant Secretary Jeffrey Dy also shared the highlights of the 2023-2028 National Cybersecurity Plan, which includes steps to strengthen the cybersecurity policy framework, securing and protecting Critical Information Infrastructures, and capacitating the workforce in cybersecurity, among others.
Grab Philippines Country Head Grace Vera Cruz emphasized Grab’s commitment to ensure the safety and security of its platform users as she pointed out “the real and growing threat of cyberattacks on platforms, such as phishing and identity theft leading to fraudulent transactions on e-wallets.”
ICT Secretary Ivan John Uy said the Philippines must harness the power of technology while ensuring the safety and security of its digital future.
“As we build a resilient and inclusive digital infrastructure that empowers every Filipino,” said Uy. “We must also safeguard our digital ecosystem from threats and vulnerabilities.”