Filipinos remain among the most heavily targeted victims of digital fraud in Asia, with phishing attacks continuing to dominate as fraudsters exploit the country’s growing dependence on mobile and online transactions, according to a new report by TransUnion Philippines.
BSP governor Benjamin Diokno said the common crimes committed included fraudulent card usage and unauthorized or disputed transactions due to phishing e-mails and stolen one-time password (OTP).
The overwhelming type of digital fraud in logistics was shipping fraud wherein criminals typically take over a customer’s account but don’t change the shipping address in order to avoid detection. Once the package has shipped, they intercept it at the carrier website and change the shipping address.
