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The 4 steps of identity theft fueling massive COVID unemployment fraud

From data breaches to the dark web, fraudsters are exploiting unprecedented opportunities The COVID-19 pandemic’s economic fallout has threatened the livelihoods of millions of people. However, it has been a windfall for criminals who take advantage of those who need help the most. Coming off historically low unemployment rates, unemployment insurance (UI) agencies found themselves understaffed and ill-prepared for the claims tsunami caused by the pandemic. Additionally, the CARES Act loosened controls in order to quickly get money out the door. While this was important for urgently getting assistance to those in need, it exposed agencies to fraud perpetrated by organized criminal networks at a scale never seen before, overwhelming fraud prevention efforts. How identity theft is fueling unemployment fraud One of the most common tactics of fraudsters is the use of stolen identity credentials such as names, Social Security numbers and addresses to file claims and open accounts on ano

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Mastercard partners with PayMongo to support SMEs’-going digital

PayMongo, a Manila-based fintech is set to be a Mastercard issuer and integrated into Mastercard’s global payment network. The partnership reinforces Mastercard’s commitment as a fintech accelerator. Mastercard has announced a five-year partnership agreement with PayMongo, a Manila-based fintech company founded in 2019, that allows businesses to quickly set up payment systems and accept multiple modes of payment such as cards, e-wallets and other alternative payment options. The strategic partnership with Mastercard will strengthen PayMongo’s business offerings by enabling the latter to be a Mastercard issuer to small and medium-sized enterprises (SMEs). It also reinforces Mastercard’s commitment as a fintech accelerator. “Mastercard believes in the potential of collaborating with fintechs to enable new payment flows for businesses and consumers. PayMongo has demonstrated its commitment and capability to help build the financial infrastructure that would allow enterprises of all siz

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Eastern Communications wins Telco of the Year at Asia Leaders Awards 2020

Eastern Communications, one of the leading telecommunications providers in the country, was awarded Telco of the Year at the recently concluded Asia Leaders Awards in Makati Shangrila Hotel. The Telco of the Year seeks to identify and celebrate innovative telecommunication companies and their inspiring leaders who have excelled in the field of network technologies, operations, new implementations, innovative products, and services. The award also aims to recognize and showcase the best telecom products, apps, services, technologies, and initiatives in Asia. Asia Leaders Awards aims to promote the Philippines as a premier business hub and destination in Asia and acknowledge the leaders that do innovative works and help those in need. In recent months, Eastern Communications rolled out different initiatives to support Filipinos during the pandemic. This includes its holistic COVID-19 response entitled “Safe and Strong at Home” that mainly aims in helping front liners, employees, cli

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Mastercard Index of Women Entrepreneurs: COVID-19 crisis could set-back a generation of women in business

New Zealand, Australia, Thailand, Chinese Taipei, Hong Kong SAR, Philippines and Indonesia make the list of the top 20 economies globally offering the most supportive entrepreneurial conditions for women Women across the world have been disproportionally impacted by the COVID-19 pandemic – a staggering 87% of women business owners say they have been adversely affected. Overrepresentation in sectors hardest hit by the economic downturn (tourism, retail, F&B, etc), the pronounced digital gender gap in an increasingly virtual world, and the mounting pressures of childcare responsibilities are only a few factors that have left women particularly vulnerable. In tackling this stark disparity and unlocking the fullest potential of women in business, the Mastercard Index of Women Entrepreneurs (MIWE) 2020 report findings make a compelling case for building on targeted gender-specific policy best practices internationally. Gender-targeted policies drive forward women’s entrepreneurial succes

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Accelerating Business Transformation with ePLDT’s Centers of Resilience

In this year’s first all-virtual Philippine Digital Convention (PH Digicon 2020), PLDT Enterprise specifically designed and developed a breakout session that aims to share business insights, global best practices and innovative digital technologies that enable organizations to respond, recover, reinvent and reemerge as industry leaders during these trying and unpredictable times. Carrying the theme, “IMPACT”, the recently held PH Digicon 2020’s objective is to go beyond just being an avenue of intellectual and technical discourse, but to also inspire attendees to leverage on technology and heed the call to make a positive impact on society and in the process contribute to the formation of a stronger and more resilient nation moving forward. Resilient Companies Win Product Management Head of the Disruptive Business Group of PLDT Enterprise Amil Azurin started by stating that evidently, the pandemic redefined the business landscape across all industries and in all directions. Disrupti

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PLDT launches MVP Bossing 2020

Inspiring entrepreneurs to rediscover and reinvent PLDT Enterprise, the B2B arm of the Philippine's largest and only integrated telecommunications company PLDT, launches the MVP Bossing 2020 campaign to inspire enterprises to rediscover and reinvent their businesses today to successfully thrive in the future.  Semi-annually, PLDT holds the MVP Bossing Awards to give tribute to the Filipino entrepreneurial spirit, celebrating local business owners who have achieved success, with the aim of inspiring others to pursue their dreams and aspirations. This year, MVP Bossing takes on a digital format given the impact of the global pandemic on social events and gatherings. With the theme "Rediscovery. Reinvention”, PLDT Enterprise aims to convey a message of hope - as challenging times bring forth the call to reinvent and rediscover - through the stories of previous MVP Bossing awardees and new aspiring MVP Bossings that have strived to recover from the current situation. "Through this campaig

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PLDT Enterprise augments JPA Freight Logistics operations with connectivity boost

The country's largest integrated telecommunications company PLDT, through its business unit PLDT Enterprise, and JPA Freight Logistics, Inc.'s (JPAFLI) recently signed a partnership that will help boost the latter's business operations expansion through fast and reliable enterprise-grade connectivity. Through the partnership, PLDT will connect JPAFLI with iGate, or Dedicated Internet Access service, which will help them further build their operations and service their customers better. This enterprise-grade solution provides businesses with guaranteed bandwidth, reliable and managed internet connectivity suitable for running bandwidth-intensive applications, hosting rich-media content, and utilizing mission-critical communications. Since 2009, PLDT has been a partner of JPAFLI and remains committed to deliver a wide array of solutions that enable business owners to adapt to evolving technological needs.  According to Mitch Locsin, PLDT VP & Enterprise Group Head says that with this

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Globe myBusiness and Check Point Help Protect Your Business Across All Devices

Over the years, Globe myBusiness has partnered with enterprises to offer the best solutions to customers' issues. From strengthening communications, enhancing operations, to ensuring data protection, clients can count on top-of-the-line products for their businesses. With COVID-19 effectively changing the way we work, Globe myBusiness has ramped up solutions that help keep data and organizations protected 24/7. “As companies pivot to adapt to the changing work environment, having a solid business continuity plan remains to be a key milestone for companies to thrive in these new conditions. The ability to process data and information in a secure virtual environment, as operations move from work spaces to home, is vital to maintaining the integrity of the company. Keeping client information safe from cyber threats and attacks at all times are equally important,” according to Grace Anduiza, Senior Director for the ICT Business Group of Globe myBusiness. “With all the threats coming from

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Transformative power of 5G seen to impact PH education, health and entertainment sectors

Globe Telecom believes that making 5G technology available and accessible to more customers all over the Philippines will spur further the evolution of the Filipino digital lifestyle especially in the areas of education, health and entertainment sectors. Even before the start of the COVID-19 pandemic, the potential benefits of 5G technology have been expected to change how people communicate, conduct business and transform lifestyles, including delivery of services from e-business to e-government. Nine months into the global pandemic has pushed people to adopt and even trust technology today as an enabler of life choices. 5G is expected to revolutionize distance learning by having more interactive ways of teaching, and in future, using artificial intelligence for continuous learning. With 5G, education is expected to take another turn in the new normal with more than 27 million students and teachers facing the challenges of online learning for the first time in the country’s history.

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Kingston Partners with CSD in APAC to Unleash the Power of Memories

Face Mask Design Competition Awards Prizes Worth Up to USD $14,400 Moving forward its vision of preserving memories, Kingston Technology, a world leader of memory products and technology solutions, today announced a creative alliance with CSD, a leading brand of face masks, to kick start a one of a kind initiative, Kingston x CSD APAC Mask Design Competition, centered around the theme of ‘There’s Strength in Memory.’ Kingston and CSD call upon all creative minds across markets to unleash the power of memories, a new initiative aimed at inspiring people to come up with compelling designs for face masks based on their enchanting memories and life experiences. The winners of the competition stand a chance to win exciting prizes worth up to USD $14,400. A collaboration echoing the singular vision ‘There’s Strength in Memory’ Kingston and CSD have worked for many years creating quality products that are a part of everyone’s daily life. The partnership comes out of a shared vision as both

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