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Globe ramps up security in SIM swap process amid rising fraud cases

Ayala-led Globe Telecom has committed to further strengthen its robust security measures after credit card issuers reported a 21-percent jump in fraudulent credit card transactions due to SIM card swap.

The philippinesAlex ilaganChannel management groupNational telecommunications commissionCredit card association of the philippinesGlobe telecomAyala led globe telecomCard associationAccount take

Credit card fraud surges in the Philippines as Covid-10 lockdowns boost online payments

Credit card fraud surges in the Philippines as Covid-10 lockdowns boost online payments
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Philippine credit card group wants tighter regulations on SIM card registration

The Credit Card Association of the Philippines (CCAP) is calling for tighter regulations to address the increase in fraudulent transactions due to SIM card swaps.

The philippinesAlex ilaganUnibank incSmart communications incGlobe telecom incNational telecommunications commissionCredit card association of the philippinesUnion bankCredit card associationDirector alex ilaganVirtual account take overBusiness and industrySim card registrationCredit card association of the philippines

Credit card fraud in Philippines rises 21% as online deals surge

MANILA (Bloomberg): Credit card fraud in the Philippines rose 21% since the coronavirus pandemic, with many incidents involving scammers gaining access to one-time passwords to transact online, an industry group said on Thursday (Jan 6).

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CCAP calls for tighter measures against SIM swap fraud

The Credit Card Association of the Philippines (CCAP) has put the pressure on the telecommunication sector, its regulators and lawmakers to apply, execute and enact effective measures to stop credit card fraud through SIM card swap. CCAP logo CCAP said on Thursday, Jan. 6, that it has reached o

The philippinesAlex ilaganNational telecommunications commissionAyala group globe telecomCredit card association of the philippinesSmart communicationsCredit card associationAyala groupGlobe telecomDirector alex ilaganAccount takeOne time passwordsKnow your customerHouse billIdentity moduleCard registration act