Consumers were warned against websites that sell products at “exorbitant” discounts and promotions, as these may be phishing sites or a form of consumer fraud —Consumers were warned against websites that sell products at “exorbitant” discounts and promotions, as these may be phishing sites or a form of consumer fraud —

CICC warns against cybercrimes targeting consumers

3 min read
Consumers were warned against websites that sell products at “exorbitant” discounts and promotions, as these may be phishing sites or a form of consumer fraud — the most prevalent cybercrime incident in 2025, according to the Cybercrime Investigation and Coordinating Center (CICC) on Thursday.

CICC Acting Executive Director Renato “Aboy” A. Paraiso told BusinessWorld that consumer fraud usually involves website links mimicking official brand pages that offer items at “exorbitant” discounts and promotions. He warned that these websites may be phishing sites or, worse, financial fraud pages that can steal money.

“It’s actually illegal. So the number one red flag there is if you are redirected to a site instead of using the official applications of online marketplaces,” Mr. Paraiso said in an interview on the sidelines of the BusinessWorld Insights Cybersecurity Series forum.
“It is the most prevalent type of fraud because it is a passive kind of fraud, as most scammers right now are advertising these schemes,” he added.

In a report released last week, the CICC said it recorded a total of 6,453 cases of consumer fraud, accounting for 38% of reported cybercrimes in 2025.

This was followed by online fraud with 4,243 cases (23%), online harassment with 2,160 cases (11%), and identity theft with 1,626 cases (9%).

The report also showed that victims lost a total of nearly ₱418.2 million to consumer fraud, online fraud, hacking, and phishing during the same year.

To combat these cybercrimes, Mr. Paraiso said the CICC’s efforts are ongoing and will be further expanded in 2026.

He said the agency continues its information dissemination initiatives by partnering with various organizations, with plans to broaden these efforts next year.

“The number one weapon that we can rely on is really an informed and educated citizenry,” he said.

In recent weeks, the CICC partnered with digital service platform Maya and online lending application JuanHand for its “Scam Safe” initiative, which aims to protect Filipinos from the growing threat of online scams and cyber fraud.

Mr. Paraiso said that by 2026, the agency plans to partner with more private sector groups, including the Bankers Association of the Philippines and the Online Lending Association, to combat consumer fraud and address other concerns such as online gambling and child exploitation.

CICC’s Hotline 1326, a 24/7 action center, remains open for the public to lodge cybercrime-related complaints.

He assured that complainants would receive feedback on the status of their cases within 24 hours of filing, noting that this helps build public trust.

The CICC is an attached agency of the Department of Information and Communications Technology, the government’s main body tasked with combating and preventing cybercrime.— Edg Adrian A. Eva
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Woman shot 5 times by DHS to stare down Trump at State of the Union address

Woman shot 5 times by DHS to stare down Trump at State of the Union address

A House Democrat has invited Marimar Martinez to attend President Donald Trump's State of the Union address in Washington, D.C., after she was shot by Customs and
Share
Rawstory2026/02/06 03:36
China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

The post China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise appeared on BitcoinEthereumNews.com. China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise China’s internet regulator has ordered the country’s biggest technology firms, including Alibaba and ByteDance, to stop purchasing Nvidia’s RTX Pro 6000D GPUs. According to the Financial Times, the move shuts down the last major channel for mass supplies of American chips to the Chinese market. Why Beijing Halted Nvidia Purchases Chinese companies had planned to buy tens of thousands of RTX Pro 6000D accelerators and had already begun testing them in servers. But regulators intervened, halting the purchases and signaling stricter controls than earlier measures placed on Nvidia’s H20 chip. Image: Nvidia An audit compared Huawei and Cambricon processors, along with chips developed by Alibaba and Baidu, against Nvidia’s export-approved products. Regulators concluded that Chinese chips had reached performance levels comparable to the restricted U.S. models. This assessment pushed authorities to advise firms to rely more heavily on domestic processors, further tightening Nvidia’s already limited position in China. China’s Drive Toward Tech Independence The decision highlights Beijing’s focus on import substitution — developing self-sufficient chip production to reduce reliance on U.S. supplies. “The signal is now clear: all attention is focused on building a domestic ecosystem,” said a representative of a leading Chinese tech company. Nvidia had unveiled the RTX Pro 6000D in July 2025 during CEO Jensen Huang’s visit to Beijing, in an attempt to keep a foothold in China after Washington restricted exports of its most advanced chips. But momentum is shifting. Industry sources told the Financial Times that Chinese manufacturers plan to triple AI chip production next year to meet growing demand. They believe “domestic supply will now be sufficient without Nvidia.” What It Means for the Future With Huawei, Cambricon, Alibaba, and Baidu stepping up, China is positioning itself for long-term technological independence. Nvidia, meanwhile, faces…
Share
BitcoinEthereumNews2025/09/18 01:37
WLFI Drops 20% Weekly as Price Tests the Crucial $0.113 Support

WLFI Drops 20% Weekly as Price Tests the Crucial $0.113 Support

On Thursday, February 5, World Liberty Financial (WLFI) is continuing its decline and is trading at $0.1281, decreased by 5.89% in the past day. The token has lost
Share
Tronweekly2026/02/06 03:00