Ladies beware! BPI study reveals profile of fraudsters’ targets

More women than men have been victimized this year by fraudsters who want to get their bank deposits, according to an analysis by the Bank of the Philippine Islands (BPI).

In its 2022 fraud findings report, the Ayala-owned bank said urban females, specifically those residing in Quezon City, fell prey to online fraudsters. It added that fraudsters loved to follow business hours as they strike a move.

“Fraudsters usually attack during work hours, between 10AM and 5PM, with most of the attacks reported to have happened at 2PM. This is why it’s important to be vigilant at all times,” BPI added.

Through a more aggressive information campaign, more account holders would hopefully be able to protect themselves better from fraudsters in 2023.

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