Globe strengthens efforts vs fraud

GLOBE TELECOM, Inc. is ramping up its investments in anti-cybercrime initiatives to help fight the rising number of online scams and frauds, driven in part by the growing adoption of artificial intelligence (AI).

“Fraud today moves at digital speed, exploiting new technologies like AI. We have proven that practical interventions can make a real difference… But these efforts must go beyond one country or one telco,” Globe Head of AI and Data Privacy and Governance Derick Ohmar Adil said in a media release on Sunday.

With this, Globe said it continues to strengthen its efforts against scams and frauds, highlighting its collaborations with regulators, and the international community to address the sophistication of fraud.

Mr. Adil said there is a need to strengthen cross-border intelligence sharing to combat the rising number of frauds and scams.

Globe also continues to invest in initiatives like digital literacy and other information dissemination efforts to help empower communities against fraud, it said, while also highlighting the need for enterprises to have enough safeguards as businesses are becoming the target of scams and threats.

“We are committed to shaping safer digital ecosystems not just for enterprises but for every individual who relies on technology to live, work, and connect,” Globe Business Vice-President for Business Development and Sales Glenn Estrella said.

At the local bourse on Friday, shares in Globe closed P43, or 2.84% higher to end at P1,558 apiece. — Ashley Erika O. Jose