Manila Times
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Tuesday, May 06, 2025
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Philippines Ranks Second in Global Digital Fraud Cases
A new report highlights the rising issue of digital fraud in the Philippines, prompting calls for enhanced consumer protection and digital literacy initiatives.
MANILA, Philippines — According to the latest Omnichannel Fraud Report from TransUnion, the Philippines has recorded the second-highest incidence of digital fraud worldwide in 2024. In response to these alarming statistics, Atty.
Mitchell Espiritu, spokesperson for TRABAHO Partylist, has urged Filipino workers to remain vigilant against scammers who can exploit their hard-earned savings.
Atty.
Espiritu emphasized that many victims of digital fraud have been misled into believing that they need to deposit large sums of money in order to access larger withdrawals, thus losing precious savings accumulated through daily labor.
In light of this situation, TRABAHO Partylist has called on government agencies, financial institutions, and technology companies to implement robust digital literacy programs.
Suggested measures include daily text alerts, free television commercials, and community-based seminars aimed at educating the public on how to avoid becoming victims of online scams.
The partylist's efforts also involve creating educational content on social media platforms.
One such initiative, titled 'Trabaho o Mabaho', aims to raise awareness about the prevalence of digital fraud and to provide guidance on protective measures.
Atty.
Espiritu indicated that sporadic notifications are insufficient, as many individuals often overlook such messages that can get lost in their email inboxes.
Overall, the rise in digital fraud cases presents a critical challenge for both consumers and authorities in the Philippines, necessitating a coordinated effort to enhance public awareness and protection against financial scams.
Mitchell Espiritu, spokesperson for TRABAHO Partylist, has urged Filipino workers to remain vigilant against scammers who can exploit their hard-earned savings.
Atty.
Espiritu emphasized that many victims of digital fraud have been misled into believing that they need to deposit large sums of money in order to access larger withdrawals, thus losing precious savings accumulated through daily labor.
In light of this situation, TRABAHO Partylist has called on government agencies, financial institutions, and technology companies to implement robust digital literacy programs.
Suggested measures include daily text alerts, free television commercials, and community-based seminars aimed at educating the public on how to avoid becoming victims of online scams.
The partylist's efforts also involve creating educational content on social media platforms.
One such initiative, titled 'Trabaho o Mabaho', aims to raise awareness about the prevalence of digital fraud and to provide guidance on protective measures.
Atty.
Espiritu indicated that sporadic notifications are insufficient, as many individuals often overlook such messages that can get lost in their email inboxes.
Overall, the rise in digital fraud cases presents a critical challenge for both consumers and authorities in the Philippines, necessitating a coordinated effort to enhance public awareness and protection against financial scams.
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