CIMB Bank warns of rising online banking fraud in Philippines

CIMB Bank Philippines is highlighting the necessity of personal security routines as online financial fraud becomes increasingly sophisticated. The bank notes that while financial institutions are strengthening safeguards, fraudsters are rapidly developing methods to bypass existing controls.

Data from the Bangko Sentral ng Pilipinas (BSP) indicates a significant rise in financial crime. In 2025, the BSP recorded over 120,000 consumer complaints regarding unauthorized transactions and fraud, a figure that was surpassed by September 2026. Consequently, fraud prevention modules have become among the most requested resources on the BSP’s financial education platform.