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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).....»»
RCBC the best PH bank by network uptime, and UBP ranks at the bottom
Brankas, a Singapore-based fintech software and services provider, published its first annual ASEAN Bank Stability Report to measure the network uptime performance of ASEAN-region banks, and RCBC finished in the top spot among banks in the Philippines with an uptime of 98.3% (31 hours total downtime) including a stretch of seven months with zero downtime events......»»
‘Philippine banks to ride wave of robust economic growth’
The projected robust economic growth this year could shape up into a better year for Philippine banks, S&P Global Ratings said......»»
Banks expect higher consumer, corporate loan demand in Q1
Despite the higher for longer interest rate scenario, Philippine banks still expect a stronger loan demand from companies and households in the first quarter of the year, according to the Bangko Sentral ng Pilipinas......»»
More groups to establish Islamic banks in Philippines
More groups are looking at establishing Islamic banks in the Philippines as the first branch of the new banking classification is expected to open soon, according to the Bangko Sentral ng Pilipinas......»»
BSP pursues reforms to modernize banks
The Bangko Sentral ng Pilipinas is pursuing policy reforms to modernize Philippine banks and ensure a sustainable, digital and inclusive banking future......»»
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......»»
Creamline banks on championship experience, trust amid threat to PVL title defense
The Creamline Cool Smashers are fighting an uphill battle as they attempt to keep their PVL All-Filipino championship on their side amid intense competition in the 2024 PVL All-Filipino Conference semifinals......»»
World Insights: America s bloc offense in disguise of 'common defense'
© Provided by Xinhua The United States claims to protect its allies under mutual defense treaties, but in reality, the treaties serve as a tool to subordinate them to the supe.....»»
EU nations with Patriot missiles hesitate to give air defense systems to Ukraine
EU nations with Patriot missiles hesitate to give air defense systems to Ukraine.....»»
Iran fires air defense batteries at Isfahan air base and nuclear site after drones spotted
Iran fires air defense batteries at Isfahan air base and nuclear site after drones spotted.....»»
Xinhua Commentary: Unveiling realities of mutual defense between Washington, its allies
© Provided by Xinhua While the U.S. concept of mutual defense appears to protect an ally, in reality, it serves as a security guarantee from a dominant power to its subordi.....»»
Ateneo begins Pinoyliga title defense, tests Mapua
Defending champion Ateneo opens its Pinoyliga Collegiate Cup title defense against Mapua Saturday at the Paco Arena......»»
Balikatan to showcase Philippine’s archipelagic defense
The Philippines’ upcoming joint annual Balikatan military exercises with the United States – this time also with France – will showcase the new archipelagic defense concept of the Marcos administration, according to the military......»»
United States, Philippine defense officials discuss maritime capabilities
Opportunities to support the Philippines’ maritime capabilities have been discussed by the United States and Philippine defense officials......»»
‘Not war with China; don’t rely only on US’ – Marcos Jr.
In an interview on Bloomberg TV last Wednesday, as reported in another national daily, he made two related comments that could represent important government policy stands. First, regarding China’s increasing aggressive moves against Philippine vessels in the West Philippine Sea; second, about the United States’ repeated assurance of its “iron-clad” defense commitment under the 1951 Mutual Defense Treaty. The post ‘Not war with China; don’t rely only on US’ – Marcos Jr. appeared first on Bulatlat......»»
‘Hindi self-defense ang pagpaslang sa Golden Retriever na si Killua’ –PAWS
HINDI naniniwala ang Philippine Animal Welfare Society (PAWS) na “self-defense” ang ginawang pagpaslang ni Anthony Solares sa Golden Retriever na si Killua. Hanggang ngayon, mainit pa ring pinag-uusapan sa social media ang post ng fur parent matapos matagpuan na duguan at walang buhay ang alaga sa loob ng sako. Ayon sa animal offender, tinugis ni.....»»
Philippines pushes for stronger defense ties with Cambodia
The Philippines is pushing for stronger defense relations with Cambodia, which will further boost bilateral cooperation in various fields......»»
Philippines, Germany eye cyber, maritime defense cooperation
The Philippines and Germany are eyeing to expand their defense cooperation to include cyber and maritime domains, President Marcos said, in light of China’s continued dangerous maneuvers and harassment of Filipino supply vessels in the West Philippine Sea......»»
‘Philippines-US Mutual Defense Treaty not a pact to war’
President Marcos made the “right move for the country” when he decided not to invoke the country’s Mutual Defense Treaty with the US in reaction to the latest incident in the Ayungin Shoal, international maritime law expert Jay Batongbacal said yesterday......»»