NBI Reminds Senior Citizens To Beware Of “Budol-Budol”, “Love Scams” Amidst Pandemic

The NBI reminded senior citizens to beware of potential “budol-budol” schemes and “love scams” amidst the pandemic.

NBI — The National Bureau of Investigation recently reminded senior citizens to beware of potential “budol-budol” schemes and “love scams” amidst the pandemic.

Photo source: Filipino Live

Potential “budol-budol” schemes and “love scams” have become rampant amidst the pandemic.

According to NBI Cybercrime chief Victor Lorenzo, the cybercrime cases reported to their department alone have “increased by 100 percent” as the public spent more and more time online amidst the pandemic.

GMA News Online reported that victims of the so-called “love scams” have suffered financial losses ranging from PHP 1 million to PHP 17 million.

Also, Lorenzo noted that suspects were usually foreigners and most of the targets were retired senior citizens.

Ang basic rule lang naman diyan, when it’s too good to be true, it is not true,” Lorenzo said. “Hindi natin sinasabi that all those people who want to be friendly online are scammers. Exert effort to validate.

READ ALSO: NPC Says Spam Messages Come From International Syndicates, Phone Numbers Not Obtained Via Contact Tracing Forms

Financial adviser Rienzie Biolena also shared tips on how senior citizens can protect their hard-earned life savings. According to Biolena, they should still look for ways in order to generate income.

Maganda ‘to even in our senior years kasi ‘yung utak natin is tumatakbo parin,” Biolena said. “You can teach, you can also pursue your passion, you can still invest.

Educator, economist, and analyst Winnie Monsod also shared some advice for her fellow seniors. According to her, they can’t allow themselves to be victimized by love scams and get-rich-quick scams.

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