Thread by @cnnphilippines

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@RicoHizon Bankers Association of the Philippines President Wick Veloso on text scam jobs offers: There is something I see that is not yet worrisome, because until you get to submit any personal information, then you're not exposing yourself.

@RicoHizon Veloso: What is fearsome is if you receive an email or an SMS asking you to divulge your name, birthday, address, and worst they ask about your password, then that exposes you. It allows an individual to take over your account.

@RicoHizon Veloso says banks have long equipped themselves with secures to ensure that nobody can penetrate their system

@RicoHizon Veloso: Unfortunately, we are able to share our email, our phone numbers—and probably this is part of the safety protocol this pandemic—whenever you get to have an appointment, either in a restaurant or in another place where information is required.

@RicoHizon Veloso: Big question: where are all this information going to? Who is protecting the information?

@RicoHizon Veloso: What makes us vulnerable is primarily because of the start of the pandemic, everyone was forced to fast track their mobile banking familiarity.

@RicoHizon Veloso: I'm appealing to all of those that are using the financial services of banks to be very curious, suspicious

@RicoHizon Veloso says the group has partnered with Kapisanan ng Brodkaster ng Pilipinas and social media influencers to inform consumers about these scams

@RicoHizon Financial adviser Salve Duplito on investment scams: This is nothing new. Ang pagkakaiba lang dito grabe ang pinpoint ng tao when it comes to unemployment and these scammers know this.

@RicoHizon Duplito: We really need to change the mentality of everybody, easy money can be risky.

@RicoHizon Financial adviser Randell Tiongson: It's always going to be too good to be true. There's no such thing as easy money. You have to work for it, you have to wait for it. 'Yan ang problema, we always think that money can be earned easily, it can't.

@RicoHizon Tiongson: Everybody falls prey to this thing because they want money to come in, maybe because out of desperation pero it doesn't work that way. Investments, managing money is never easy thing.

@RicoHizon Duplito: Bakit dumadami? Because people are desperate, people are at home, people are using their phones more, so they are present, mas mabilis silang ma-hook.

@RicoHizon Tiongson on loans with high interest rates: We have to find solutions. Loan is a shortcut to be able to solve your problems, but you're not solving your problems, you are compounding them.

@RicoHizon Duplito: Dapat ayusin muna ang pang-daily needs, then invest the money na hindi mo immediately kailangan. Second, aralin mo muna.

@RicoHizon Duplito on investing in cryptocurrency: All these things appear to be new opportunities. I suggest that people who have very little, hindi pa para sa inyo 'to. These are things that people can invest in safely kung marami kang pwedeng i-risk.

@RicoHizon Duplito: Dapat pag-aralan. Alamin ang risks. Understand where you're going.

@RicoHizon GCash Chief Strategy Officer Rowie Zamora on text scam jobs offers: From the side of GCash, we can attest that there is no breach coming from our end. Unfortunately, there are other avenues that the fraudsters could get access to personal information.

@RicoHizon Zamora: Even before the sharp growth of e-wallet users, we're very proud that we have our security measures in place.

@RicoHizon Zamora: We are supported by world-class security protection.

@RicoHizon Zamora says GCash has launched several programs to inform its customers about scams and fraud