Globe sees 85% decline in scam, spam SMS, credits strong partnership with banks against fraud

Globe sees 85% decline in scam, spam SMS, credits strong partnership with banks against fraud.

The number of blocked spam and scam text messages related to banks declined by over 85% based on data covering the first three quarters of 2023, reflecting gains of Globe‘s vigorous partnerships with the country’s major banks and financial institutions. (more…)

SSS asks members, employers to keep online login details to themselves

Social Security System (SSS) President and CEO Michael G. Regino today urged members, pensioners, and employers of the state-pension fund to secure their login credentials on the My.SSS portal and other personal information to protect their accounts from fraudulent transactions. (more…)

Globe advises customers to protect their data to avoid being victimized by fraudsters

Amid challenging times, the incidence of getting easy money even through illegal means becomes attractive. Globe issues this warning for customers to stay vigilant and raise awareness on how to protect one’s data to prevent being victims of fraud.

A modus called “SIM swap scam” is the last step carried out by scammers, in order to take over an individual’s financial accounts — bank account details, trading information, e-wallet and/or credit cards.

This modus often involves a victim who’s been long targeted for the scam. The fraudster has invested time to gather bank account details, email addresses, online credentials, personal facts and identification together with the mobile number registered with the bank for sending a one-time password (OTP). The last leg will be to take over the SIM of the mobile number registered for the OTP sending. (more…)