Sen. Sherwin Gatchalian said that online scammers usually use or buy SIM cards in the black market that are registered with e-wallets under people who sell or lend their identities.
Across several industries, from manufacturing to retail and services, aggressive digital acceleration strategies have reinvented how enterprises create value for customers.
Globe Telecom chief information security officer Anton Bonifacio said their coordination with law enforcement agencies has led to the arrest and prosecution of text scammers.
The SEC issued the cease-and-desist order against the Astrazion Group on May 12, after finding that the group has operated an online multi-level marketing platform where it actively promoted the sale of its digital currency called AZNT Token for 10 cents per token.
The National Privacy Commission (NPC) said the result of its initial investigation showed that the recent wave of targeted smishing messages that contain the recipient’s name most likely came from smartphones and not from an app used by data aggregators.
Mobile wallet provider GCash said it is set to move confirmation messages from text message inbox to the app inbox in a bid to improve security as well provide customers with easier access to their transaction history.