BANGKOK (AP) — Myanmar’s military has shut down a major online scam operation near the border with Thailand, detaining more than 2,000 people and seizing dozens of Starlink satellite internet terminals, state media reported Monday. Myanmar is notorious for hosting cyberscam operations...
The United States (US) Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned Funnull Technology Inc., a Philippines-based firm, and its Chinese administrator Liu Lizhi, for facilitating massive virtual currency investment scams known as “pig butchering.” These...
Malacañang has called on banks and financial institutions in the country to strengthen their cybersecurity policies following a reported increase in cyberattacks that resulted in P5.8 billion in losses last year. Communications Undersecretary Claire Castro (RTVM) Communications Undersecretary...
Ayala-led Bank of the Philippine Islands (BPI) has cautioned the public about a rise in cyber scams as Christmas approaches, urging consumers to shop with extra caution. “Cybercrimes are expected to peak during the holiday period as online shopping surges,” BPI said in a statement on Wednesday,...
CitizenWatch Philippines, a citizens' rights group, emphasized the need for a "whole-of-society strategy" to effectively tackle the ongoing scam attacks targeting individuals, businesses, and consumers in the country. Photo from Pixabay The group stressed the importance of this strategy, especially...
The most wonderful time of the year need not be the most horrific, traumatic, and exhausting experience of your life, especially when you get the shock upon discovering that your credit card has already been “maxed out” with purchases that you didn’t do. It is this time of the year that the...
