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Senator Grace Poe stressed the need to put in place tighter measures to curb financial fraud and protect the Filipinos’ hard-earned money as more shift to online banking and digital payments. “They say that there are only two certain things in life: death and taxes. Ngayon, mukhang kinakailangan na nito ng amendment: death, taxes, and […]
Senator Ronald “Bato” Dela Rosa assured that text scammers and other cyber fraudsters using subscriber identity modules, commonly known as SIM cards for cellphones, can no longer hide their identities once the SIM Registration Bill becomes law. In his co-sponsorship speech of Senate Bill No. 1310 to be known as Subscriber Identification Module (SIM), under […]
If ordinary employees guard their hard-earned money against pickpockets, banks should also make sure that cybercriminals don’t pick the digital wallets of those who gave them their pay for safekeeping, Senator Joel Villanueva said. “Payroll money entrusted by both employers and their workers should be kept safe at all times,” the chair of the Senate labor […]
With a strong backing from the Bangko Sentral ng Pilipinas (BSP), Senator Win Gatchalian pushed anew the passage of his bill protecting financial consumer welfare amid the increased adoption of digitalization of financial products and services in the country. “The government should continuously be more proactive in terms of coming up with ways to protect […]
Senator Win Gatchalian is pushing for the bill mandating the registration of all users of pre-paid subscriber identity module (SIM) cards in the Senate to enable authorities to easily clampdown those engaged in nefarious and illegal activities. A number of individuals in recent months have fallen prey to online fraudsters who used prepaid SIM cards […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez said his office had received nearly 10,000 complaints related to fraudulent online transactions in the first six months of the year. In the virtual Kapihan sa Manila Bay, Lopez said around 1,000 complaints were filed in the first quarter of the year, and the rest were […]
Senator Sonny Angara has calls on government to make sure that all those involved in the “ghost” dialysis scandal hounding the Philippine Health Insurance Corp. (PhilHealth) will not go unpunished. “We need some punitive measures–we need to punish those who are guilty–as well as preventive measures para hindi na maulit,” Angara said. The seasoned legislator, […]