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The COVID-19 pandemic saw an unprecedented increase in the number of online banking transactions. A shift to digital transactions, however, translates into a rise in cybercrimes and fraud cases that involve phishing, vishing and ayuda scams, and ransomware, among others. Unfortunately, these cybercriminals are always one step ahead. They have…
PHOTO FROM METROBANK Metro Manila (CNN Philippines) — The COVID-19 pandemic and its ensuing mobility restrictions have dramatically affected the economies of the world. In the Philippines, it has wreaked havoc on many industries, leading to retrenchments and closures of businesses. Unfortunately, this increased financial burden has subsequently raised incidents of fraud. According to reports, fraud activity more than doubled in 2020, and, sadly, the perpetrators are getting more creative with their modus operandi — particularly because of the vulnerabilities of those new to online banki...
endIndex: Metro Manila (CNN Philippines) — With the pandemic causing changes in our lifestyle, it is not only important to be safe physically, but also digitally. The global health crisis led more Filipinos to shift to digital transactions, which potentially increased the number of fraud cases in the country. To address this, Metrobank and its partners in the banking industry recently launched 'Scam Proof', an online platform that will educate users about financial fraud, how to identify and prevent it, with the end goal of protecting one's hard-earned money. To further guide users, partne...