Bangko Sentral ng Pilipinas (BSP) Issues Public Advisory Against Fake Social Media Content

July 16, 2024 - The Bangko Sentral ng Pilipinas (BSP) is urging the public to be extra vigilant against scams as artificial intelligence (AI) is now being used to create and manipulate fake videos and audios, making them appear more believable.

Perpetrators of these fraudulent activities are posting AI-manipulated content on social media to spread false information about organizations, officials, and individuals, including the BSP and its personnel.

In particular, the BSP is clarifying that BSP Governor Eli M. Remolona, Jr. does not endorse the alleged cryptocurrency project "Tesler Code" or any other cryptocurrency investment.

Misrepresenting the BSP or any of its officers or units is punishable by law.

READ: Advisory Against Fake Social Media Content

To guard against this scam and other similar schemes, the BSP urges the public to remain vigilant and refrain from providing personal information to unverified or suspicious entities.

The public is also encouraged to carefully verify any messages received from individuals claiming to be BSP representatives, and to immediately report any suspicious activities to:

  • Contact Number: (+632) 8811-1277 or 8811-1BSP
  • E-mail Address: bspmail@bsp.gov.ph
  • BSP Facebook Messenger: www.m.me/BangkoSentralngPilipinas

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Additional Notes:

  • The BSP advisory was issued on July 12, 2024.
  • The advisory specifically mentions the use of AI-manipulated videos and audios to spread false information.
  • The BSP urges the public to be vigilant and to report any suspicious activities.

I hope this news article is helpful. Please let me know if you have any other questions.