MAKATI CITY, 18 May 2022 – The Credit Information Corporation (CIC), the country’s sole public credit registry and repository of credit information, in partnership with the National Privacy Commission (NPC), will host a webinar series entitled, “#UsapangPrivaDo: Credit registry and your data privacy,” on 20 May and 3 June 2022.
In celebration of the upcoming Privacy Awareness Week, the sessions will discuss the rights of Filipino borrowers as well as how they can protect their personal information online pursuant to Republic Act No. 9510 also known as the Credit Information System Act and Republic Act No. 10173 or the Data Privacy Act of 2012.
“Through these sessions, we look forward to sharing with Filipino borrowers that access to their CIC Credit Reports can help them stay informed of their credit standing and guide them towards making sound credit decisions,“ CIC President and CEO Ben Joshua A. Baltazar expressed.
Know your rights as borrowers and how you can protect your information online
The webinar will feature resource speakers from CIC, Mr. Hans Lazaro, Paralegal, and NPC, Mr. Cleo R. Martinez, Information Technology Officer II.
“The CIC is one with NPC in its campaign to further strengthen the data privacy awareness and knowledge among the general public. This is in line with our efforts to also combat predatory lending from illegal online lending platforms (OLPs). The CIC continues to receive numerous complaints and concerns regarding violations of data privacy. Unfortunately, these were facilitated by apps employing surreptitious means of securing borrowers’ permission without their full consent,” PCEO Baltazar said.
In a recent survey commissioned by the NPC, while Filipinos with internet access have increased awareness and knowledge on internet security, most still lack enough knowhow to protect themselves from cyber threats.
“The CIC hopes that through this webinar and future CIC Academy webinars, participants will be better informed and more vigilant in sharing their data and personal information online,” PCEO Baltazar ended.
The CIC Academy is the educational flagship program of the CIC, which aims to raise awareness on the rights of the Filipino borrowers and to promote the benefits of the credit information system to the Philippine economy.
Everyone is invited to register for free at bit.ly/CICAcademy2022May20 and join the webinar via Zoom to receive a certificate of participation.
Follow the official Facebook page of CIC for the latest information and updates on CIC’s activities and events. For additional questions or concerns, you may also email us at [email protected].
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.
