Internet giant Google recently reported that it removed and blocked over 5.5 billion “bad” ads in 2023, up from 2022 and an initiative that was optimized by the power of generative AI.
The Bangko Sentral ng Pilipinas (BSP) asked the public to be discerning of the claim of a company called SK Pools Mining Corporation that its “products, services, and assets are licensed, authorized, guaranteed, verified, certified, or confirmed by the BSP.”
The Securities and Exchange Commission (SEC) has released a public advisory against online entity Tonik-Shop for enticing the public to invest their money with a promise of high monetary rewards or profits.
Based on the reports from the public, Meta Advertising Company, through WhatsApp and Telegram, is inviting the public to invest in the said platform in a scheme known as “Tasking and Recharging.”
Under the partnership, GCash will assist NBI in preventing, detecting, investigating, and prosecuting cybercrimes that involve the use of the GCash mobile app or the transfer or receipt of proceeds from any crime or unlawful activity.
The Securities and Exchange Commission (SEC) has revoked the corporate registration of Infinity8Networks Digital Services OPC and imposed an administrative fine of P1 million against the entity for illegally soliciting investments from the public.
BNY PAL, whose officials are now at large and can no longer be located, has victimized a number of residents in Pasig City who invested as much as P1.5 million each.
GCash cited an incident involving the social media page “Tipsy D Garage” which was operating an illegal online raffle, prompting the Philippine National Police Anti-Cybercrime Group (PNP ACG) to investigate and arrest six individuals.
The 2023 Asia Scam Report released at the 1st Anti-Scam Asia Summit in Taipei revealed that the shopping scam rate in the Philippines reached 35.9 percent -- the highest among 11 Asian countries surveyed.
Sen. Mark Villar is batting for the passage of the Anti-Financial Account Scamming Act or AFASA to fight the rising cases of online scams, while Sen. Grace Poe said authorities should test the mettle of the SIM Registration law by arresting and penalizing text scammers.
