Press Release
January 11, 2022
Gordon alarmed over rise of credit card fraud during pandemic
Re-electionist Senator Richard J. Gordon today urged Congress leaders to expedite the passage of a counterpart measure mandating SIM card registration in the wake of reports that credit card fraud rose by 21 percent during the pandemic.
Gordon, who chairs the Senate Committee on Government Corporations and Public Entreprises, said the measure has become even more urgent during this pandemic where people are struggling to make both ends meet.
“We call on our colleagues in Congress to act on this measure as there has been a sharp rise in fraud caused by SIM card swap schemes, committed by new-age criminals who are out to milk innocent customers,” he said.
“Ang digital infrastructure ay dapat na magsilbing landas patungo sa isang ligtas at mabilis na lipunan, maging mabisang uri ng hanapbuhay. Ito ay dapat maging benepisyo sa mga masunuring mamamayan, at hindi sa mga kawatan,” he added.
The Credit Card Association of the Philippines (CCAP), an organization of 18 major credit card firms, wrote to the National…