The Department of Information and Communications Technology (DICT) has officially commended the Philippine Deposit Insurance Corporation (PDIC) for its significant strides in strengthening its digital defenses. This recognition highlights PDIC's successful establishment of its own Computer Emergency Response Team (CERT), a crucial step in safeguarding the financial system.
Aligning with the National Cybersecurity Vision
The move by the PDIC is a direct response to the DICT's National Cybersecurity Plan for 2023-2028. This national blueprint mandates all government agencies, instrumentalities, government-owned or -controlled corporations (GOCCs), and local government units to form their own CERTs. The primary goal is to ensure a swift and effective response to the growing number of cybersecurity incidents threatening national digital infrastructure.
By creating this dedicated team, the PDIC has significantly enhanced its operational agility. The corporation is now better positioned to accelerate its broader digital transformation journey. A key part of this process involves aligning its Information Systems Strategic Plan (ISSP) with robust and relevant cybersecurity measures.
Positive Impact on the Public and Stakeholders
The benefits of this cybersecurity upgrade extend directly to the Filipino public and corporate stakeholders. With a more resilient digital framework, the PDIC can offer stronger data protection for depositors and provide more responsive services. This initiative reinforces public trust in the country's financial safety nets and contributes to the overall stability of the banking sector.
The PDIC was one of only 20 institutions honored by the DICT this year. This select group included other GOCCs, national government agencies, and local government units that have demonstrated a strong commitment to cybersecurity.
For context, the Philippine Deposit Insurance Corporation (PDIC) was created on 22 June 1963 under Republic Act 3591. Its core mission is to protect depositors and help maintain stability in the Philippine financial system. The PDIC is an attached agency to the Bangko Sentral ng Pilipinas and holds membership in several key financial committees, including the Financial Sector Forum and the Financial Stability Coordination Council.
