Wednesday, October 18, 2017

Click with Care this Holiday Season

PSBank reminds everyone to exercise caution while shopping online

Cybercrime is starting to intensify once again as the Christmas season gets nearer, so if you’ve decided to shop online to avoid monstrous traffic jams, click with care to avoid getting scammed.

Fake merchants and scammers may spread malicious content and/or links disguised as shopping promos or advertisements. These are rampant most especially during the holidays.

With more people embracing online shopping for their Christmas needs, PSBank reminds everyone to stay vigilant in cyber space.

“We remind everyone to be critical of the ‘promos’ or ads that they see online. In the old world, not everything that glitters is gold. In the Internet, not everything that looks like a golden opportunity will give you a glittery deal. So, before you click, think with care,” said PSBank First Vice President for Information Security Dan Jose D. Duplito.

Just this year, the WannaCry ransomware attack infected hundreds of thousands of workstations worldwide, including the Philippines. The program makes your files inaccessible, demanding payment in exchange of getting back your files. Payment, however, does not always guarantee file retrieval. The ransomware spreads by clicking suspicious links or email attachments, which then executes the program. One may also accidentally download it by visiting dubious websites.

Here are tips from PSBank to prevent ransomware attacks:

Do not click links right away received from unknown senders. Always verify the sources of emails, attachments, or links sent to you.

Back-up important files regularly. If possible, store sensitive data in an external hard drive or USB.

Install and regularly update trustworthy antivirus software on your devices.

If you suspect that your device is infected, follow these steps:

Turn off your Internet connection immediately.
When infected, do not pay the ransom. Report the incident to the following law enforcement agencies: Philippine National Police - Anti-Cybercrime Group ( or the National Bureau of Investigation Anti-Cybercrime Group (email:

“It is easy for cyber criminals to target unsuspecting victims with disguised malicious content, thus everyone must be cautious on the links they click and sites they visit,” Mr. Duplito said.

About PSBank

PSBank is a key player in the Philippine consumer banking industry. The Bank emerged as the 2nd strongest bank in the Asian Banker's AB500 annual ranking 2016-2017 edition. PSBank is the only savings bank that has consistently cornered a spot in the list of the top 10 strongest banks in the country for six consecutive years. We have expanded our network to 250 branches and more than 600 ATMs nationwide.

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