How safe is your credit card?
>> Thursday, March 11, 2021
EDITORIAL
How safe is your credit card? When Sen. Sherwin Gatchalian recently reported his credit card was hacked, netizens reported this happened to them too.
Gatchalian asked the National Bureau of Investigation to investigate unauthorized use of his credit card to order food worth P1 million through the Food Panda app.
Reports said Gatchalian was presiding over a hearing at the Senate recently when he received a text alert from his credit card provider around 2 p.m. about a request for a change in his phone number.
Because he was busy, he had no time to respond that he made no such request.
The hacker apparently managed to change the phone number and thus received the one-time PIN to confirm the orders. Within an hour, the hacker ordered food in four batches, worth P300,851, P356,517, P323,247 and P96,265.
What an ingenious way to celebrate a wedding, baptism or a secretive grand meeting of a nationwide mafia.
Gatchalian has not ruled out an inside job in the hacking.
The country has passed several laws to regulate e-commerce and other online activities. The NBI said the hacking incident was a violation of Republic Act 8484 or the Access Devices Regulation Act of 1998, RA 8792 or the Electronic Commerce Act of 2000, and RA 10175 or the Cybercrime Prevention Act of 2012.
Despite this, cyber criminals still find loopholes in the laws and brazen enough to hack the credit card of a senator. Catching the culprit will be a good indication of whether the existing laws are enough.
Now, a review of the e-commerce law for amendatory legislation is being pushed by netizens. Pandemic-related quarantines have forced shift to e-commerce, and there have been numerous complaints not only about security of consumers’ personal information but also quality of services and products.
E-commerce marketing, netizens say, is becoming overly intrusive and tight regulation maybe needed.
E-commerce is here to stay, as retailers for one, switch from ordinary selling to online. More people will be vulnerable to poor service, swindling and cyber crimes. With a senator as the latest victim, perhaps necessary rules and laws will be quickly hammered out by concerned officials like those in Congress.
How safe is your credit card? When Sen. Sherwin Gatchalian recently reported his credit card was hacked, netizens reported this happened to them too.
Gatchalian asked the National Bureau of Investigation to investigate unauthorized use of his credit card to order food worth P1 million through the Food Panda app.
Reports said Gatchalian was presiding over a hearing at the Senate recently when he received a text alert from his credit card provider around 2 p.m. about a request for a change in his phone number.
Because he was busy, he had no time to respond that he made no such request.
The hacker apparently managed to change the phone number and thus received the one-time PIN to confirm the orders. Within an hour, the hacker ordered food in four batches, worth P300,851, P356,517, P323,247 and P96,265.
What an ingenious way to celebrate a wedding, baptism or a secretive grand meeting of a nationwide mafia.
Gatchalian has not ruled out an inside job in the hacking.
The country has passed several laws to regulate e-commerce and other online activities. The NBI said the hacking incident was a violation of Republic Act 8484 or the Access Devices Regulation Act of 1998, RA 8792 or the Electronic Commerce Act of 2000, and RA 10175 or the Cybercrime Prevention Act of 2012.
Despite this, cyber criminals still find loopholes in the laws and brazen enough to hack the credit card of a senator. Catching the culprit will be a good indication of whether the existing laws are enough.
Now, a review of the e-commerce law for amendatory legislation is being pushed by netizens. Pandemic-related quarantines have forced shift to e-commerce, and there have been numerous complaints not only about security of consumers’ personal information but also quality of services and products.
E-commerce marketing, netizens say, is becoming overly intrusive and tight regulation maybe needed.
E-commerce is here to stay, as retailers for one, switch from ordinary selling to online. More people will be vulnerable to poor service, swindling and cyber crimes. With a senator as the latest victim, perhaps necessary rules and laws will be quickly hammered out by concerned officials like those in Congress.
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