Latest news with #P75
GMA Network
13 hours ago
- Business
- GMA Network
Financial institutions given until June 2026 to boost fraud management systems
Financial institutions under the supervision of the Bangko Sentral ng Pilipinas (BSP) have been given until June 2026 to boost their fraud management systems (FMS), and limit their use of interceptable authentication mechanisms such as one-time pins (OTPs) sent via SMS and email. Under the Anti-Financial Account Scamming Act (AFASA), BSP-supervised financial institutions (BSFIs) with complex electronic products and services (EPS) or those with an average of at least P75 million monthly network value for the last six months are required to strengthen their FMS. The implementing rules and regulations (IRR) of AFASA, set to take effect on June 25, 2025, require such BSIs to have their FMS cater to behavioral anomalies, blacklist screening, geolocation monitoring, mobile device and account information changes, in a bid to prevent unauthorized transactions. 'We already have a fraud management system, but we enhanced it, and we all know that it takes time to buy all the new software, so we gave the banks one year,' BSP deputy governor Elmore told reporters in a press chat in Manila City. This is on top of the FMS required of all BSIs with an Advanced Electronic Payment and Financial Services (EPFS) license to have their FMS that is real-time, commensurate to risks, has fraud detection and blocking, comprehensive, and constantly calibrated. 'We are going into additional FMS. The present will not really suffice. Everything is moving very fast so we have this additional. Sometimes a good system is only good until the scammers find a way to go around it,' Capule said. President Ferdinand 'Bongbong' Marcos Jr. signed the AFASA, or Republic Act 1201,0 on July 20, 2024, after being designated as a priority bill by the Legislative Executive Development Advisory Council (LEDAC). The IRR of the law also provides for BSP-supervised financial institutions to limit the use of OTPs sent to users via SMS and email, and adopt more multi-factor authentication (MFA) methods. 'With the increasing prevalence of social and engineering attacks aimed at obtaining login credentials, BSFIs should limit the use of authentication mechanisms that can be shared with, or intercepted by, third parties unrelated to the transaction,' according to BSP Circular 1213. Among the other recommended MFA methods are biometric authentication, which allows customers to use their fingerprint scanning, facial recognition, and voice recognition to authorize transactions, and behavioral biometrics that track patterns such as typing speed, mouse, or device movements. The BSP also allows for passwordless authentication that uses factors like biometrics, hardware tokens, and cryptographic keys, such as Fast Identity Online (FIDO) which allows biological features or a security key to log in to online accounts. The circular also provides for adaptive authentication, which adjusts the authentication process based on the user's context to cover factors such as location, device, and behavior. This will prompt additional verification steps or other actions upon detection of unusual activity. 'We have to realize all of these things are very, very expensive, that's the reality, so we are giving them sufficient time. But at the same time, we realize that if they will not adapt to this, we cannot really solve these scamming, these frauds, so it's a calibrated speech,' Capule said. According to the BSP, it received around 70,000 complaints in 2024, of which 13% were unauthorized transactions including phishing and vishing. There were 703 cases that entered into mediation during the year, with an 83% success rate. For this year, the central bank said cases that have entered mediation from January to May have already hit 400. –NB, GMA Integrated News
Time of India
04-06-2025
- Business
- Time of India
Mazagon Dock shares become more valuable than these 8 Nifty 50 stocks after sharp rally
Mazagon Dock shares rallied up to 3.2%, reaching a market cap of Rs 1.43 lakh crore and surpassing several Nifty 50 stocks. Despite recent profit-booking, bullish technical indicators persist. The company expects 8–10% revenue growth and aims for major submarine contracts that could triple its current order book. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Technicals and stock performance Shares of Mazagon Dock Shipbuilders extended their recent rally on Wednesday, briefly rising as much as 3.2% to Rs 3,548 on the BSE before paring gains, with the stock now more valuable than eight constituents of the benchmark Nifty 50 index. The defence PSU , which has climbed in nine of the last 11 sessions, touched a market capitalisation of Rs 1.43 lakh crore at its intraday that valuation, Mazagon Dock eclipsed blue-chip companies such as IndusInd Bank Tata Consumer Products , Dr. Reddy's Laboratories, and Apollo Hospitals in terms of market capitalization Shares of the shipbuilder had touched a record high of Rs 3,775 on May 29, the day it announced its March quarter earnings. However, the stock fell 10% over the next two sessions after the results came in below its post-earnings call, the management explained that margins during the quarter were affected due to provisioning for two ongoing projects worth a combined Rs 3,500 ahead, the company guided for revenue growth of 8–10% and a Profit Before Tax margin of 15% for FY26. The management also projected that its order book could grow to Rs 1.25 lakh crore from the current Rs 32,260 crore, contingent on the finalisation of two major submarine contracts , the P75 and P75I.'The P75 submarines order, valued at Rs 30,000 crore to Rs 40,000 crore, is likely to be signed as early as next month,' the company had Dock shares have soared 111% in the past year, 46% over six months, 60% in three months, and 14.7% in the last the stock is trading above six of its eight key simple moving averages, including the 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day SMAs, indicating bullish momentum across Relative Strength Index stands at 57.8, suggesting the stock is neither overbought nor oversold. The MACD is at 187.4 and remains near the center line but below the signal line.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
04-06-2025
- Business
- Economic Times
Mazagon Dock shares become more valuable than these 8 Nifty 50 stocks after sharp rally
Shares of Mazagon Dock Shipbuilders extended their recent rally on Wednesday, briefly rising as much as 3.2% to Rs 3,548 on the BSE before paring gains, with the stock now more valuable than eight constituents of the benchmark Nifty 50 index. The defence PSU, which has climbed in nine of the last 11 sessions, touched a market capitalisation of Rs 1.43 lakh crore at its intraday high. ADVERTISEMENT At that valuation, Mazagon Dock eclipsed blue-chip companies such as IndusInd Bank, Hero MotoCorp, Hindalco, Shriram Finance, Cipla, Tata Consumer Products, Dr. Reddy's Laboratories, and Apollo Hospitals in terms of market capitalization. Shares of the shipbuilder had touched a record high of Rs 3,775 on May 29, the day it announced its March quarter earnings. However, the stock fell 10% over the next two sessions after the results came in below expectations. In its post-earnings call, the management explained that margins during the quarter were affected due to provisioning for two ongoing projects worth a combined Rs 3,500 crore. Looking ahead, the company guided for revenue growth of 8–10% and a Profit Before Tax margin of 15% for FY26. The management also projected that its order book could grow to Rs 1.25 lakh crore from the current Rs 32,260 crore, contingent on the finalisation of two major submarine contracts, the P75 and P75I. ADVERTISEMENT 'The P75 submarines order, valued at Rs 30,000 crore to Rs 40,000 crore, is likely to be signed as early as next month,' the company had Dock shares have soared 111% in the past year, 46% over six months, 60% in three months, and 14.7% in the last month. ADVERTISEMENT Technically, the stock is trading above six of its eight key simple moving averages, including the 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day SMAs, indicating bullish momentum across Relative Strength Index stands at 57.8, suggesting the stock is neither overbought nor oversold. The MACD is at 187.4 and remains near the center line but below the signal line. ADVERTISEMENT Also read | Sensex will hit 1.5 lakh by 2030 & 3 lakh by 2035! Raamdeo Agrawal makes big prediction (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
CBS News
03-06-2025
- General
- CBS News
Bronx public school teacher surprised with $25,000 FLAG Award for Teaching
A South Bronx Teacher won a $25,000 award Thursday. Angelo Imperati, a math teacher at P.S 75 School of Research and Discovery in the Bronx was at a loss for words after learning he was a grand prize winner of the FLAG Award for Teaching. The award recognizes New York City Public School teachers from each borough who inspire learning through creativity, passion, and commitment. Imperati has taught at P.S 75 in the Bronx for 18 years. Laura Twersky, the co-president of the FLAG Foundation for Excellence in Education, presented the surprise $25,000 check to Imperati inside of the school's auditorium with some of his students in attendance to congratulate him. "I feel like everyone has that teacher, that once in a lifetime teacher who long after they graduate, they'll look back and say, I remember Mr. Imperati you know, and we feel he's that he's that kind of teacher," Twersky said. Some of his colleagues, like Patricia McQueen, nominated him for the award. "I think he's a phenomenal teacher. I think he has a great math mind. I think that he has the ability to bring out the confidence in kids that I found that most of them didn't have," McQueen said. Imperati is recognized this year out of 1,600 nominations for improving the grade-level passing rate in math for 5th graders at the school from 46% to 66%. In his own classroom, that number climbs even higher. "In regard to the math scores, I just find ways to, you know, through stories, examples, real life examples to get the math in their heads. And it's working because last year of the students I saw at 79% were proficient. And I'm hoping to increase that number this year," explained Imperati. When Imperati isn't teaching math, he's coaching students to play basketball in a league he started. "It's my pleasure. So give back to the community that I grew up in. I just wanted to give the kids an outlet. Something to do after school, keep them off the streets," Imperati shared. P.S 75 will also receive a $10,000 grant from the FLAG Foundation for Excellence in Education for use in an arts-based initiative. Imperati says plans to use the money to travel with his family to Italy, but until then he'll continue doing what he loves. "This is my calling in life. And, every, every time I get up and come to work, comes to work with a smile because my students are my everything," said Imperati. To learn more about the FLAG Award for Teaching, click here. You can email Erica with Bronx story ideas by CLICKING HERE.
