BPI sees surge in IMSI catcher fraud as telcos struggle to counter

BPI has observed a significant rise in the use of IMSI catchers as a preferred fraud method this year.

These IMSI catchers are sophisticated tools that mimic legitimate cell towers to intercept data and track phone locations.

Jonathan John B. Paz, BPI's Enterprise Information Security Officer, highlighted that the complexity and technological advancement of scams have increased notably.

Paz expressed concern that not everyone can identify fake texts generated by IMSI catchers, and unfortunately, telcos currently lack an effective countermeasure.

Efforts are underway by industry players and the NTC to combat these sophisticated scams, though telcos might face challenges in fully addressing the issue.

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