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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).....»»
‘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......»»
FDA warns public vs 6 counterfeit meds
FDA warns public vs 6 counterfeit meds.....»»
Capitol warns public against fixers, agents
Capitol warns public against fixers, agents.....»»
Li nods to Seoul, Tokyo pact, warns on U.S. ties
Li nods to Seoul, Tokyo pact, warns on U.S. ties.....»»
Teodoro warns against hoarders, price manipulators as PH braces for La Niña
Teodoro warns against hoarders, price manipulators as PH braces for La Niña.....»»
China warns PH against expelling its diplomats over leaked recording - MSN
China warns PH against expelling its diplomats over leaked recording MSN.....»»
DOH warns public vs heat stroke amid high heat index
DOH warns public vs heat stroke amid high heat index.....»»
UFO? Jesus warns: “the Devil will soar through the heights, causing astonishment”
UFO? Jesus warns: “the Devil will soar through the heights, causing astonishment”.....»»
LWUA warns of legal action vs. defiant MCWD board
LWUA warns of legal action vs. defiant MCWD board.....»»
OWWA warns OFWs vs fake FB accounts
OWWA warns OFWs vs fake FB accounts.....»»
DTI warns stiff penalties vs selling vapes to minors
DTI warns stiff penalties vs selling vapes to minors.....»»
DTI warns shoppers vs mystery packages
DTI warns shoppers vs mystery packages.....»»
House warns Quiboloy of arrest
House warns Quiboloy of arrest.....»»
Murcia private cemetery warns public vs spurious transactions
Murcia private cemetery warns public vs spurious transactions.....»»
China warns Philippines not to play with fire on Taiwan question
BEIJING, Jan. 16 (Xinhua) -- China warns the Philippines not to play with fire on the Taiwan question and to stop sending wrong signals to the "Taiwan independence" separatist forces, a Chinese foreign ministry spokesperson said on Tuesday. Spokesperson Mao Ning made the remarks at a regular news briefing when asked to comment on Philippine President Ferdinand Romualdez Marcos' message of congratulations to Lai.....»»