The Philippines registered the highest number of phishing attempts in Southeast Asia from February to April this year, with seven in 10 targeting finance-related transactions, according to a study.
On the other hand, the same data showed that phishing attempts in local banks was the lowest in the region at only 2.17 percent, while phishing attempts versus e-commerce shops in the country was the second lowest among SEA countries at 8.28 percent. “Putting our data and digital money in one basket can trigger an aftermath snowball, with the impact of a phishing attack swelling at an unforeseeable rate,” he warned.
If one app contains all the financial details of a user, a simple phishing link asking for his credentials can compromise all the data available in the app. Hence, all fintech companies should deploy a secure-by-design approach in their systems and continuously provide proactive education for their users.
Kaya ayaw ko na magiwan ng pera sa bank account
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