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CIC, CCAP to team up on best practices for credit card use, fighting digital fraud

Credit Information Corporation - CIC

MAKATI CITY, 06 June 2023 – The Credit Information Corporation (CIC), the country’s sole public credit registry and repository of credit information, in partnership with the Credit Card Association of the Philippines (CCAP), will host a webinar series titled “#SWIPESMART: Combatting credit card fraud and building good credit standing,” on 16 June 2023.

Speakers will tackle how borrowers can use their CIC Credit Report to detect fraud or identity theft, as well as share practical tips to improve one’s credit standing through responsible credit card use and proper debt management.

“In today’s ever-evolving digital landscape, we have to act proactively and always be vigilant so that we avoid being a victim of scams and fraudsters. Generally, if something seems too good to be true, it likely is. Be on your guard and be wary of individuals or entities asking for your personal or sensitive information,” CIC President and CEO Ben Joshua A. Baltazar said.

Last year, the Bangko Sentral ng Pilipinas (BSP) urged banks and other BSP-supervised financial institutions to remove clickable links in their emails and text messages to retail customers following the proliferation of scams through these channels.

PCEO Baltazar added, “Your identity is your creditworthiness. In addition to protecting your credit card information, borrowers must also ensure that they are only sending or uploading their valid ID’s to trustworthy websites or mobile applications, and only for legitimate and clear purposes.”

Be #creditworthy with the CIC Academy

The upcoming webinar will feature CIC Attorney III Phillip Gerald Fulgueras and CCAP Executive Director Alex G. Ilagan as resource speakers.

Register for free at bit.ly/CICAcademy2023June16 and join the webinar via Zoom or Facebook Live to receive a certificate of participation.

CIC Academy is our nationwide flagship educational program for raising awareness on the credit information system, promoting financial education and literacy, as well as encouraging responsible borrowing.

Email us at [email protected] or follow the official Facebook page of CIC for the latest information and updates on CIC’s activities and events.

The Credit Information Corporation (CIC), a government-owned and controlled corporation, was created by Republic Act No. 9510, otherwise known as the Credit Information System Act (CISA). The primary mandate of CIC is to establish a comprehensive and centralized credit information system for the collection and dissemination of fair and accurate information relevant to, or arising from, credit and credit-related activities of all entities participating in the ecosystem.

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