The Bangko Sentral ng Pilipinas (BSP) has warned the public to be vigilant against fraud perpetrated through unsolicited emails or text messages with links that redirect the mobile user to highly suspicious websites.
In an order dated July 29, the SEC found that Katuwang Poultry has been publicly offering securities to the public through Facebook, without the necessary license from the commission.
Globe Telecom, meanwhile, has warned the public about the dangers of over-the-top or OTT messaging platforms such as Viber and Facebook Messenger, which bypass mobile networks and evade SMS blocking.
The combined forces of the SEC Enforcement and Investor Protection Department (EIPD) and PNP’s Anti-Cybercrime Group (ACG) arrested the officers of Decentra while in the act of soliciting investments from the public without the requisite license during a seminar or business presentation in a hotel in Quezon City.
GCash said it is working with the National Bureau of Investigation (NBI) and the Philippine National Police (PNP) in its crackdown against fraudsters to fight online scam.
The Securities and Exchange Commission (SEC) has ordered PawisngPinoyOnline Investment to stop soliciting investments from the public through a non-existent product distribution, real estate, and jewelry business.
Globe president and CEO Ernest Cu also asked the government to institute stronger measures against phishing, noting that current laws are lacking in terms of enabling the prosecution of cybercriminals.
Department of Finance (DOF) secretary Carlos Dominguez III has directed the country’s main revenue-generating agencies — the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) — to fortify their respective systems against hacking and other cyber threats as he expressed concern over the increasing number of scams perpetrated online against financial consumers.
The operator said SIM swap scam is the latest scheme being carried out by scammers wherein the perpetrators take over an individual’s financial accounts such as bank accounts, e-wallets, and credit cards.
In separate advisories issued on Feb. 9, the SEC advised the public to exercise caution when dealing with Solmax Global Limited and Igniter 100, as well as BitAccelerate.
