e-Security

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.

One in every four malicious spam emails worldwide targeted Asia Pacific users in 2022, according to cybersecurity firm Kaspersky.

In the past, the name of the person is seen as an added measure of convenience and helps verify that the recipient is correct.

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.

Smart Communications has cited a report from the Philippine National Police (PNP) and the National Bureau of Investigation (NBI) suggesting that the personalized spam text messages proliferating recently could be the handiwork of scammers who mined subscriber data from GCash and Viber.

Asians’ close relationships with their smartphones makes them particularly vulnerable to mobile banking Trojans.

PLDT-owned mobile operator Smart Communications said it has blocked Uniform Resource Locators (URLs) or clickable links usually found in spam text messages.

The BSP said it recently completed the Advanced SupTech Engine for Risk-Based Compliance (ASTERisC*), which will soon be deployed among selected BSP Supervised Financial Institutions (BSFIs).