Smart claims foreign syndicates behind text scams

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Smart claims foreign syndicates behind text scams
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It is “likely” that foreign syndicates could be bankrolling text scams targeting Filipino consumers, SMART Communications, Inc. (Smart) said Friday. READ:

“Based on our initial investigation and through our cooperation with law enforcement agencies and state investigators, it is highly possible that foreigners are behind the text scams that have plagued mobile users in the country,” said Angel Redoble, first vice president and chief information security officer of PLDT and Smart.

Smart has intensified efforts against “smishing” or SMS phishing attacks. From June to August alone, Smart has deactivated 167,000 SIMs that were involved in the illegal activity.Phishing is the fraudulent practice of sending messages – originally emails — purporting to be from reputable companies to induce individuals to reveal personal information, such as passwords and credit card numbers.

While waiting for the measure to be enacted into law, Smart says it is streamlining processes to efficiently collect relevant customer data and ensure that these are protected at all levels. It’s also checking vulnerabilities of other platforms that might be exploited by scammers once the law goes into effect.

Smart also urges customers to refrain from engaging scammers and to avoid clicking the links that are often found in these messages.

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