The Bangko Sentral ng Pilipinas (BSP) has announced the expansion of its regulatory platform, ASTERisC*, to include all banks and virtual asset service providers (VASPs) in the Philippines.
Initially launched in January 2023, ASTERisC* is a cloud-based system designed to streamline cybersecurity supervision, reporting, and compliance assessments.
The platform facilitates real-time reporting and enables the BSP to conduct real-time data analysis, enhancing its oversight capabilities and addressing cybersecurity threats more effectively.
Institutions will use ASTERisC* to submit key reports, including IT profiles, incident notifications, reports on crimes and losses, and cybersecurity self-assessments.
The BSP will provide login credentials, coordinate account creation, and conduct training through its Financial Supervision Sector.
User manuals and training materials will be available on the BSP website.
Institutions must ensure they meet the technical requirements, such as internet access, browser compatibility, and mobile devices for multi-factor authentication, to access and use the platform seamlessly.
The expansion of ASTERisC* users will be implemented starting 1 January 2025, with preparatory access available beforehand.
The platform also benefits institutions by streamlining reporting processes and strengthening their cybersecurity posture.
Featured image credit: Edited from Freepik
