Globe, GoTyme Bank Partner to Strengthen Anti-Scam Measures
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This collaboration will comply with the Data Privacy Act and streamline the process of investigating suspected scammers by eliminating the need for warrants or subpoenas to access their information.
Globe’s Chief Privacy Officer, Irish Salandanan-Almeida, emphasized, “This partnership reflects our ongoing commitment to championing cybersecurity and protecting our customers from the growing threats in the digital world. Through collaborations, we can combine our expertise and resources to better safeguard the financial sector and our customers from cybercrime.”
In the first half of last year, Globe blocked 2.7 million bank-related spam and scam messages, investing around USD 20 million in scam detection and prevention systems to protect consumers from deceptive messages. A study by Kaspersky revealed that Filipinos encountered 14.1 million web threats last year, a decrease from 26.6 million in 2023.
Yeo Siang Tiong, Kaspersky’s General Manager for Southeast Asia, suggested that this decline in cyber threats could be due to improved detection and prevention methods. However, Tiong cautioned that hackers might be targeting specific high-value individuals rather than launching widespread cyberattacks.
Questions & Answers
Q.What specifically will the collaboration between Globe and GoTyme Bank enable regarding scam investigations?
What specifically will the collaboration between Globe and GoTyme Bank enable regarding scam investigations?
The partnership will streamline investigations into suspected scammers by removing the requirement for warrants or subpoenas to access their information. This process aims to enhance the efficiency of identifying and addressing fraudulent activities within the financial sector.
Q.How much has Globe invested in systems to detect and prevent scams?
How much has Globe invested in systems to detect and prevent scams?
Globe has invested approximately USD 20 million in systems designed for scam detection and prevention. These systems are part of their efforts to protect consumers from deceptive messages and cyber threats, safeguarding their financial well-being.
Q.What was the trend in web threats encountered by Filipinos last year, according to Kaspersky?
What was the trend in web threats encountered by Filipinos last year, according to Kaspersky?
Filipinos encountered 14.1 million web threats last year, which represents a decrease from the 26.6 million recorded in 2023. Kaspersky's General Manager for Southeast Asia suggested this decline might be due to improved detection methods.
Q.What alternative approach might hackers be taking despite the reported decline in widespread cyber threats?
What alternative approach might hackers be taking despite the reported decline in widespread cyber threats?
Despite a decline in widespread cyberattacks, hackers might be shifting their focus to target specific high-value individuals. This suggests a more concentrated and potentially sophisticated approach to cybercrime, rather than broad attacks.
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