Scam Prevention

Globe has made a significant achievement in fighting financial scams. They managed to reduce the number of scam text messages related to banks by a whopping 85%. From January to September in 2023, Globe blocked over 7 million scam and spam text messages that were pretending to be from banks. This is a huge drop from the 49.3 million scam messages they stopped during the same time in 2022. He explained, Our partnerships with various banks and financial institutions, aimed at enhancing fraud detection and prevention have been highly effective, as evidenced by the steep decline in blocked spam and scam SMS related to banks. They spent about US$20 million to make their system better at detecting and stopping scam texts. A lot of people still fall for this kind of scams (see how they make money out of this here). In a recent text message of this kind, I thought I'd indulge the scammer and play along to see how much effort they'd put into this. Read more in our articles including "Globe Cuts Scam SMS by 85% Through Bank Partnerships" and "A conversation with a Text Scammer".