Globe, a leading digital solutions platform, has announced a 46% decrease in bank-related scams and spam messages in its network for the first half of 2023.
From 9.06 million fraudulent messages from January to June of last year, the figure is now down to 4.85 million for the same period this year. This can be attributed to Globe’s strategic partnerships with financial institutions to actively fight potential fraud.
"This decrease in fraudulent messages signifies our steadfast commitment to protecting our consumers from online threats. It is also a testament to the power of collaboration between industry leaders and regulators in curbing cyber fraud,” said Anton Bonifacio, Globe’s chief information security officer.
Globe has been at the forefront of blocking potential scammers that use suspicious messages to extract personal information from mobile users. These data can be used by cybercriminals to access online accounts and steal from unsuspecting victims.
Last year, Globe signed a memorandum of agreement with the Bankers Association of the Philippines (BAP) and had agreements with major banking institutions in the country to facilitate a more efficient alerting mechanism, seamless data sharing and expeditious filtering of fraudulent activities.
"Our partnerships with banks and financial institutions have allowed us to implement immediate and effective measures against online fraud, protecting the hard-earned money of our consumers,” Mr. Bonifacio commented.
Globe commits to continuously investing in technologies that would aid in easier reporting of scam and spam messages and eliminate such messages from its network, enabling a safer digital environment for its subscribers.
