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Smishing scams skyrocket in PH, BPI warns public
Manila Bulletin
|October 23, 2025
Ayala-led Bank of the Philippine Islands (BPI) cautioned of a surge in online banking scams ahead of the Christmas season, noting that most fraud cases are linked to smishing attacks, which have spiked sharply from nearly zero last year.
“Consumer complaints are increasing... a lot of it is seasonal. During Christmas, when people receive their bonuses, these cases really go up,” Jon Paz, BPI enterprise information security officer and data protection officer, said during the bank’s cybersecurity roundtable with the media on Wednesday, Oct. 22.
Paz reported that around eight out of 10 online banking fraud cases last year were perpetrated through smishing attacks using International Mobile Subscriber Identity (IMSI) catchers and rogue apps.
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