Globe, GoTyme partner to fight cybercrimes

Globe and digital bank GoTyme have entered into a data-sharing agreement aimed at combating financial cybercrimes and digital scams.

This partnership allows Globe to share information such as mobile numbers, names, addresses, and contact details suspected of being used by fraudsters with GoTyme, without requiring a court-issued warrant or subpoena.

The agreement aims to expedite the process of identifying and preventing scam activities, which previously faced delays due to the need for warrants or subpoenas.

The initiative is in response to calls from the Bangko Sentral ng Pilipinas and the National Privacy Commission for increased collaboration between financial institutions and telecommunication companies to fight fraud.

Globe's Chief Privacy Officer Irish Salandanan-Almeida stated that collaborations allow them to combine expertise and resources to better safeguard the financial sector and customers from cybercrime.

GoTyme's Chief Information Security Officer Albert Dela Cruz highlighted that the agreement enhances the bank's cybersecurity measures to safeguard customers.

This collaboration comes amidst a significant surge in scam calls and messages reported in the Philippines during 2024.