President Bongbong Marcos: “When you get a message and there is a deal being presented and it sounds too good to be true, it is.”
PRESIDENT BONGBONG MARCOS – The President warned the public against “too good to be true” deals and online scams.
President Ferdinand Marcos Jr. attended the 85th Anniversary of the Securities and Exchange Commission (SEC) at the SEC Headquarters in Makati City on Thursday, June 22, 2023.
The President was asked in an ambush interview how will the Philippine government, through the Securities and Exchange Commission (SEC), protect the public from online lenders and investment scammers.
According to the President, the public must be very watchful, very careful, and aware of the new technologies that are being introduced in order to prevent from being duped by scammers.. He also said that there’s no such thing as 100% risk-free in terms of deals.
“There is no way to guarantee these enormous returns on what they are claiming, on the money that you put, that you give them,” the President said. “If the public is aware and knows and is able to spot because of the way that these scams are presented, then that is the best defense that we have.”
Aside from this, the President also he warned the public against the threat and risks posed by artificial intelligence (AI).
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The President also mentioned that the SIM registration has been a huge step in eradicating scams online. He also said that the Philippine government would continue to strengthen capabilities against online scams.
According to the President, anyone found guilty of promoting scams will have to be dealt with using the full force of the law.
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