THE Credit Information Corp. (CIC), the country’s sole public credit registry and repository of credit information, announced that it and the Credit Card Association of the Philippines (CCAP) will host a webinar series focusing on how to combat credit card fraud and build good credit standing on June 16.
A statement issued by the CIC last Tuesday said speakers will tackle how borrowers can use their CIC credit report to detect fraud or identity theft, as well as share practical tips to improve one’s credit standing through responsible credit card use and proper debt management.
“In today’s ever-evolving digital landscape, we have to act proactively and always be vigilant so that we avoid being a victim of scams and fraudsters,” CIC President and CEO Ben Joshua A. Baltazar was quoted in the statement as saying. “Generally, if something seems too good to be true, it likely is. Be on your guard and be wary of individuals or entities asking for your personal or sensitive information.”
Last year, the Bangko Sentral ng Pilipinas (BSP) urged banks and other BSP-supervised financial institutions to remove clickable links in their emails and text messages to retail customers following the proliferation of scams through these channels.
“Your identity is your creditworthiness. In addition to protecting your credit card information, borrowers must also ensure that they are only sending or uploading their valid ID’s to trustworthy websites or mobile applications and only for legitimate and clear purposes,” Baltazar added.
The CIC said the webinar will feature CIC Attorney III Phillip Gerald S. Fulgueras and CCAP Executive Director Alex G. Ilagan as resource speakers.