Two of the biggest banks in the Philippines said they are stepping up data security to protect against fraud and identity theft in the wake of the public leak of millions of voter identification records from the Commission on Elections (Comelec) database.

BDO Unibank Inc. and Bank of the Philippine Islands (BPI) said they are expanding their security procedures after a warning was issued to all banks by the Bangko Sentral ng Pilipinas (BSP) to strengthen ‘Know-Your-Customer’ (KYC) identity verification practices following the Comelec leak.

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