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Stepping up the fight against online fraud and scams, several government agencies teamed up with the private sector and advocacy groups for an education campaign focused on bolstering consumer protection online.
The group released the first of a series of educational videos illustrating the deceptive tactics of various scams such as online shopping scams, phishing or bank scams, job scams, love scams, investment scams, and brand impersonation scams.These videos will also be shared on the social media platforms of the government agencies, the private sector and advocacy partners.
The SEC also observed a rapid increase in the number of investment scams perpetrated online since the start of the pandemic. The Philippines topped the list for online shopping scam rates in the 2023 Asia Scam Report, a survey conducted by the Global Anti-Scam Alliance in partnership with the Taiwan-based tech security company Gogolook.
“For a digital economy to flourish and be sustainable, it is important that consumers trust the integrity and fairness of digital marketplaces. In turn, these marketplaces need to prioritize and promote transparent and ethical practices that engender such trust, allowing consumers to confidently engage and transact online,” Reed said.
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