The country’s biggest banks have alerted their clients on various online banking scams that take advantage of the surge in digital transactions during the coronavirus disease 2019 (Covid-19) pandemic. The Sy-led bank also said its clients should not accept offers to make money from using their account to receive or send money. It also informed its clients against scammers who use SIM cards to deceive and steal their victims’ money. “In both modus operandi, scammers takeover their victims’ mobile number to control their victims’ online bank accounts,” it added. “Phishing is a cyberattack disguised as an email or text that deceives users into giving fraudsters critical information such as bank account numbers or passwords,” it explained.

Source: Manila Times July 17, 2020 16:33 UTC