According to the Bangko Sentral ng Pilipinas (BSP) or the Philippine central bank, reported cyber crime incidents resulted in gross losses amounting to 5.82 billion Philippine pesos in 2024. Threats to financial institutions continue to increase in the country as more people use digital payment systems for their purchases, both online and offline.
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Amount lost in cyber incidents reported to the Bangko Sentral ng Pilipinas (BSP) in the Philippines in 2023 and 2024
(in billion Philippine pesos)
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Businessworld. (March 26, 2025). Amount lost in cyber incidents reported to the Bangko Sentral ng Pilipinas (BSP) in the Philippines in 2023 and 2024 (in billion Philippine pesos) [Graph]. In Statista. Retrieved July 06, 2025, from https://www.statista.com/statistics/1608126/philippines-amount-lost-in-cyber-incidents-reported-to-bsp/
Businessworld. "Amount lost in cyber incidents reported to the Bangko Sentral ng Pilipinas (BSP) in the Philippines in 2023 and 2024 (in billion Philippine pesos)." Chart. March 26, 2025. Statista. Accessed July 06, 2025. https://www.statista.com/statistics/1608126/philippines-amount-lost-in-cyber-incidents-reported-to-bsp/
Businessworld. (2025). Amount lost in cyber incidents reported to the Bangko Sentral ng Pilipinas (BSP) in the Philippines in 2023 and 2024 (in billion Philippine pesos). Statista. Statista Inc.. Accessed: July 06, 2025. https://www.statista.com/statistics/1608126/philippines-amount-lost-in-cyber-incidents-reported-to-bsp/
Businessworld. "Amount Lost in Cyber Incidents Reported to The Bangko Sentral Ng Pilipinas (Bsp) in The Philippines in 2023 and 2024 (in Billion Philippine Pesos)." Statista, Statista Inc., 26 Mar 2025, https://www.statista.com/statistics/1608126/philippines-amount-lost-in-cyber-incidents-reported-to-bsp/
Businessworld, Amount lost in cyber incidents reported to the Bangko Sentral ng Pilipinas (BSP) in the Philippines in 2023 and 2024 (in billion Philippine pesos) Statista, https://www.statista.com/statistics/1608126/philippines-amount-lost-in-cyber-incidents-reported-to-bsp/ (last visited July 06, 2025)
Amount lost in cyber incidents reported to the Bangko Sentral ng Pilipinas (BSP) in the Philippines in 2023 and 2024 (in billion Philippine pesos) [Graph], Businessworld, March 26, 2025. [Online]. Available: https://www.statista.com/statistics/1608126/philippines-amount-lost-in-cyber-incidents-reported-to-bsp/