The Securities and Exchange Commission (SEC) has partnered with the cybersecurity arm of the Department of Information and Communications Technology (DICt) in fighting cybercrime.
The SEC said it signed a partnership with the DICT’s Cybercrime Investigation and Coordinating Center (CICC) for collaboration where the SEC will coordinate and provide CICC with relevant information and data to support the latter’s programs, modules, and activities.
“The SEC will likewise coordinate with the CICC on information sharing and information stewardship to promote public awareness on cybercrime prevention,” the SEC said.
The CICC will provide technical assistance to the SEC for capabilities building that will provide the SEC with tools in cybercrime prevention, suppression, and prosecution.
“The partnership between the SEC and CICC is in line with the national government’s 12-point
National Security agenda, which seeks to shield the country from computer generated/cyber-attacks that could cause massive crises in the country’s economy, banking and financial institutions, communications and other critical infrastructures,” the SEC said, noting that it is the fastest rising economic crime as cited in the National Security Policy for 2017 to 2022.
“The modern-day investment scammer now makes use of information technology and social media to hide their identities and avoid arrest and prosecution. As champions of investor protection, it is the SEC’s mandate to ensure the investment environment in the Philippines is safe from all of these perpetrators of investment fraud,” said Emilio Aquino, SEC chairman.
