Public guarded against online banking fraud

public guarded against online banking fraud

Sumary of Public guarded against online banking fraud:

  • MANILA— Most Filipinos use online banking for their transactions especially during the COVID-19 pandemic.
  • According to Jose Veloso, president of the Bankers Association of the Philippines (BAP), thieves also do not give up and think of ways to steal money from someone’s bank account.
  • “You have to be suspicious because the criminal now no longer enters the bank with a gun.
  • As long as they have connectivity to the internet, that is the beginning of their getting money from our people, ”said Veloso.
  • In an interview with TeleRadyo Friday morning, Veloso said that the thieves usually take the victim’s personal information such as name, date of birth and password.
  • “They will find a way to get your money in your account without your knowledge.
  • They will transfer that to mules or stopover accounts to be transferred to other accounts, ”he said.
  • Thieves each have their own way of contacting victims such as personally calling, emailing, or sending a text message.

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