Senator Win Gatchalian pressed for the passage of the bill that will give financial regulators the power to enhance the conduct of surveillance against cybercriminals given the massive shift in digital financial transactions. “Hackers and fraudsters are becoming very sophisticated and if we don’t stay ahead of the curve and no one is mandating to […]
Tag: bank fraud
Senator Kiko Pangilinan seeks tighter controls against fake food orders, fake jobs, and other forms of disinformation that affect regular folk. At the second Senate public hearing reviewing Philippine criminal laws on the advent of fake news in social media platforms, Pangilinan listed various instances when digital technology has been used to scam ordinary Filipinos […]
Senator Bong Go commended the signing into law of Republic Acts (RA) 11449, 11458 and 11448. RA 11449, also known as “An Act Providing for Additional Prohibitions to and Increasing Penalties for Violations of Republic Act No. 8484, or the ‘Access Devices Regulation Act of 1998,’” declares bank system hacking and automated teller machine (ATM) […]