Julian Gorman, head of Asia Pacific at GSMA, noted that Filipinos are relatively open about discussing their financial losses from digital fraud, including on social media. He considers this a positive development because it encourages public discussion, raises awareness, and puts pressure on institutions to improve online security.
Because of the increase in complaints on online transactions, the Department of Trade and Industry said it is pushing to have a provision on e-commerce trust mark under the proposed Internet Transaction Act.
The Social Security System (SSS) has recorded 11,088 online transactions for funeral benefit claims in the first quarter of 2021, up by 13.6% from 9,762 transactions recorded in the second semester of last year.
