Source-linked briefing Crime

Filipinos Lost P121.8 Billion to Online Scams in a Year, Report Finds

Filipinos Lost P121.8 Billion to Online Scams in a Year, Report Finds

A new report estimates that Filipinos lost about P121.8 billion to fraud over the past year, with digital wallets the main channel for transfers to scammers. The findings highlight the scale of cyber-enabled crime and the need for stronger consumer protection and anti-fraud controls.

Original headline

Online scams cost Filipinos P121.8 billion in one year