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Globe reports steep 73.7% decline in blocked bank-related spam, scam SMS in 2023
The telecommunications company Globe has reported a significant 73.7% decrease in the number of blocked spam and scam SMS related to banks in 2023. This reduction is a result of the interception of 21.9 million bank-related fraudulent messages, a sharp decline from the 83.39 million messages blocked the previous year. Globe attributes this achievement to its proactive strategies and strong partnerships with major banks and financial institutions in the Philippines. The company has established anti-fraud alliances with the Bankers Association of the Philippines and individual players in the finance sector, enabling the sharing of data and intelligence to prevent and investigate fraud effectively. Anton Bonifacio, Chief Information Security Officer at Globe, emphasized the company's commitment to combating financial fraud and enhancing security measures for customer protection. Globe has invested approximately US$20 million to improve its spam and scam SMS detection and blocking system and operates a 24/7 Security Operations Center to filter out unwanted messages from both international and domestic sources. Despite certain limitations, Globe remains dedicated to customer protection and emphasizes the need for a unified approach in the fight against fraud. The company is focused on leveraging technology and strengthening alliances with key stakeholders to combat fraudulent activities. As Globe continues to advance its technologies and collaborations, it aims to provide a safer and more secure digital environment for its customers. For more information about Globe and its initiatives, visit www.globe.com.ph. (SPONSORED CONTENT).....»»
BSP logs 40K complaints relating to financial consumer protection; only 5% come from Mindanao
SINCE the effectivity of the Financial Consumer Protection Act (Republic Act 11765) in June 2022, the Bangko Sentral ng Pilipinas (BSP) has logged more than 40,000 complaints from customers of different BSP-supervised financial institutions from all over the Philippines. Of this number, only around 5 percent come from Mindanao, implying the Mindanaoans' unawareness of the law......»»
BSP: Digitizing microfinance services will boost financial inclusion
Digitizing microfinance institutions could promote further financial inclusion in the country as borrowers from the unserved and underserved segments of the population will be able to access a wider range of financial services......»»
A Quick Guide to Online Gambling and Financial Responsibility
With the rise of PAGCOR accredited online gambling platforms, many individuals are drawn to the allure of quick wins and entertainment. However, the world of online gambling will require extreme caution and financial responsibility to avoid potential pitfalls and safeguard one’s financial well-being. Understanding the Risks Online gambling can be enticing, but it comes with […].....»»
Striking drivers, operators face financial woes
For single-unit operators like Chel Mallonga, 45, the impact of the government’s Public Utility Vehicle Modernization Program (PUVMP) would be drastic. Once consolidation pushes through, single-unit operators will no longer be granted franchises. The post Striking drivers, operators face financial woes appeared first on Bulatlat......»»
Your Brain Might be Hindering You to Save Money, Here’s Why
Saving money poses a formidable challenge, and surprisingly, our brains might be the culprits behind our financial struggles. Psychological and behavioral quirks create hurdles, necessitating an understanding of these factors to triumph over mental obstacles and attain financial goals through savings. Exploring the psychological and behavioral tendencies that turn saving into an uphill battle reveals: […].....»»
The Vital Role of Emergency Funds in a Business
Navigating the intricate terrain of business is akin to assembling a complex puzzle, where the significance of an emergency fund emerges as the elusive missing piece. This versatile tool stands as a stalwart guardian during uncertain times, deftly guiding enterprises through unforeseen challenges and financial quandaries. Shielding Against Financial Surprises Picture the emergency fund as […].....»»
Shrinking news space: CNN Philippines shuts down due to financial losses
CNN PHILIPPINES officially announced on Jan. 29 that it was shutting down operations on all platforms following several years of financial losses. It made the announcement on its channel through a broadcast advisory, followed by an official statement on social media. Operated by Nine Media C.....»»
House expedites release of P35M aid for Davao disaster victims
The House of Representatives, in collaboration with President Ferdinand R. Marcos Jr., is expediting the release of P35 million in financial aid and 17,500 food packs to assist the seven congressional districts affected by recent flooding and landslides in the Davao Region. Speaker Ferdinand Martin G. Romualdez emphasized the urgency of their efforts, aiming to provide substantial assistance to the nearly 45,000 affected families and over 187,000 individuals in the region. Coordination with the Department of Social Welfare and Development is underway to swiftly release PHP5 million to each district through the Assistance to Individuals in Crisis Situations program. The financial aid will support various relief efforts, including infrastructure reconstruction and medical assistance. Tingog Party-list representatives also expressed their commitment to ensuring the assistance reaches those most in need......»»
BSP onboards 1st nonbank electronic money issuer
The Bangko Sentral ng Pilipinas (BSP) achieved a significant milestone by welcoming OmniPay, Inc. as the first nonbank electronic money issuer (EMI) participant in its Real Time Gross Settlement (RTGS) payment system, PhilPaSSplus. This move aligns with the National Payment Systems Act and signifies a more inclusive national payment system, allowing nonbank financial institutions to conduct efficient and low-risk funds transfers directly through the central bank. Assistant Governor Mary Anne P. Lim emphasized the BSP's commitment to safeguarding the entire Peso RTGS payment system amidst global trends of diversified participation. With 236 institutions, including various banks and nonbank entities, utilizing PhilPaSSplus for large value transactions and retail payment clearing, the BSP's initiative reflects a broader trend of central banks facilitating direct access for nonbank entities to settlement services. This development comes as international standard-setting bodies work on access guidelines to manage risks in evolving payment systems with new players and financial technologies......»»
Tartaria farmers defend community despite assaults, arson from armed security
Tensions in the peasant community of Lupang Tartaria flared up starting April 16 when armed security forces from Jarton Security Agency, Inc. began threatening to erect a barricade around the vicinity. In response, the farmers erected their own fence and set up a protest camp. The post Tartaria farmers defend community despite assaults, arson from armed security appeared first on Bulatlat......»»
Australian lawmakers talk up security cooperation during Taiwan visit
A leading Australian opposition lawmaker visiting Taiwan this week has highlighted the importance of security cooperation between Taiwan and Australia.In a meeting with Taiwanese President Tsai Ing-wen Monday, Andrew Wallace, the deputy chair of Australia's Parliamentary Joint Committee on Intelligence and Security, said that in an ever-changing geopolitical landscape, security cooperation is 'paramount.'.....»»
Minglanilla drug bust: Security guard, construction worker nabbed with P3.4M ‘shabu’
CEBU CITY, Philippines — A security guard and a construction worker, who moonlight as drug peddlers, were caught with suspected shabu worth P3.4 million during a buy-bust operation in Minglanilla, Cebu on Tuesday evening, April 2, 2024. The suspects were identified as Selfred Pojio Silva aka “Odo”, 48, a security guard; and Elmer Morales Bucog,.....»»
Over 14K security personnel to be deployed for Davraa 2024
THE Davao City Public Safety and Security Office is all set to ensure the security and safety of delegates to the Davao Regional Athletics Association (Davraa) to be held from April 1 to 7, 2024......»»
Airbnb bans use of indoor security cameras, but these devices remain permitted
Airbnb Implements New Policy Prohibiting Indoor Security Cameras In a recent announcement, Airbnb revealed a new policy banning the use of indoor security cameras in.....»»
City deploys more than 7K safety, security personnel for Araw ng Dabaw
TIGHT security will be strictly implemented for the opening of the 87th Araw ng Dabaw as 7,050 integrated personnel from the Davao City Public Safety and Security Office (PSSO) will be deployed on the opening of the event on March 1, 2024......»»
Top Putin ally meets Cuba’s Raul Castro to discuss security cooperation – Interfax
'Various issues of Russian-Cuban cooperation in the field of security were discussed,' Russia's security council says, adding Moscow 'remains committed to the spirit of strategic partnership between the two countries'.....»»
Lapses in water security
There is no way around it, because for sure, lapses in water security could lead to problems in food security......»»
Police: No truth to bomb threat at PI’s prayer rally
The Davao City Police Office (DCPO) has debunked a text message claiming a bomb threat at the People's Initiative (PI) “Unity for One Nation, One Prayer” rally in San Pedro Square. The message warned of possible explosions at Rizal Park, one of the rally venues. Despite the lack of credible threats, the police urged vigilance and cooperation from the public for safety. Approximately 300 police personnel were deployed to secure various rally points, with additional support from volunteers and security clusters. Task Force Davao also activated a high alert status as part of the city's security measures. Captain John Louie Dema-ala confirmed that the circulating threat was unfounded and aimed at intimidating rallyists. Despite this, nearly 17,000 Dabawenyos joined the rally to oppose the proposed Charter change (Cha-cha) movement. The police and security forces remain vigilant and are conducting ongoing investigations into the social media threat......»»
Groups slam media security chief for red-tagging ahead of UN expert’s visit
Altermidya and the NUJP said Presidential Task Force on Media Security executive director Paulino Gutierrez’s attack against journalist Frenchie Mae Cumpio also proves the absurdity of his agency’s continued existence. The post Groups slam media security chief for red-tagging ahead of UN expert’s visit appeared first on Bulatlat......»»