GLOBE Telecoms revealed that in 2023, they were able to intercept and block some  21.9 million bank-related spam and scam SMS in 2023.

According to Globe, this marks a sharp decline from the 83.39 million messages blocked the previous year.

They said that there is a 73.7% reduction in blocked spam and bank-related scam messages in 2023.

This, Globe said, is a notable achievement in the fight against financial fraud.

"This milestone not only highlights our commitment to combating financial fraud but also encourages us to continuously enhance our security measures for the protection of our customers," said Anton Bonifacio, Chief Information Security Officer at Globe.

"The fight against fraud requires a unified approach, as it affects everyone. Alongside utilizing cutting-edge technology, we are committed to strengthening our alliances with key stakeholders and escalating our efforts to combat these fraudulent activities," he added.