People’s Micro Finance Cooperative holds training on Information Security, AMLA and DPA

ZAMBOANGA CITY, PHILIPPINES – In a proactive step toward safeguarding its operations and members, the People’s Micro Finance Cooperative hosted a comprehensive training and orientation on Information Security with highlights on Cyber Threats, Anti-Money Laundering Act (AMLA), Data Privacy Act (DPA).

The two-day event took place on August 16-17, 2024, at Guiwan Building in Zamboanga City.

The training, attended by 140 participants over two days (70 per day), aimed to educate co-operative members and staff on critical aspects of protecting sensitive data, complying with regulations, and fostering a culture of security.

Key topics included best practices in Information Security, legal obligations towards money laundering, ensuring data privacy, and building robust information security systems within the co-operative framework.

A significant quote from one of the key speakers resonated throughout the event: “Cybersecurity is everybody’s responsibility.” This message highlighted the collective effort required to ensure that all members are vigilant and knowledgeable about potential risks in today’s digital age.

MASS-SPECC Cooperative Development Center’s Enterprise Risk Management (ERM) Unit provided vital insights and practical tools to equip participants with the knowledge and skills necessary to protect the co-op’s assets and members.

The training emphasized the importance of compliance with regulatory standards and the protection of member data as a top priority.

This initiative reflects People’s Micro Finance Cooperative’s commitment to staying ahead of technological threats and ensuring a secure and responsible co-operative environment.

The co-op movement aims to continue building its capacity for better service, stronger security, and enhanced member trust.

With the conclusion of the event, the participants are now better informed and prepared to implement the necessary safeguards, ensuring that their co-operative remains resilient in the face of cyber threat challenges.