Unionbank of the Philippines, Inc. and Globe Telecom, Inc. have agreed to share personal information as they try to boost measures against scammers who prey on financial clients. READ:
UNIONBANK of the Philippines, Inc. and Globe Telecom, Inc. have agreed to share personal information as they try to boost measures against scammers who prey on financial clients.
Ms. Almeida noted that before the Globe-UnionBank partnership, a subscriber must first ask a law enforcement agency or court to get information about a suspected scammer account, which could take months. Ms. Almeida said Globe has blocked about a billion spam messages and deactivated more than 5,000 mobile numbers that were found to have been involved in fraud schemes.
The deal would also boost the lender’s ability to check usage patterns and locate scammers through their mobile activities. The information could be analyzed and forwarded to the police and National Bureau of Investigation so they could go after syndicates, he added. Ms. Montes said the country needs special cybercrime courts “because we cannot fully enforce or implement this without proper collaboration and support from the judiciary.”