Leading Philippine digital technology companies Globe and UnionBank recently inked an agreement to provide mutual support on investigations involving online banking fraud.
The alliance, the first of its kind in the country today, covers information sharing among others.
Under the agreement signed on March 24, Globe will provide UnionBank information about mobile numbers potentially used by fraudsters to help in online banking fraud investigations. This will help Globe detect illicit activity within its network. UnionBank for its part, will likewise trigger and share relevant information necessary to pursue investigations in accordance with the Data Privacy Act and the aforementioned Data Sharing Agreement.
