TECHNOLOGY
Selling your verified digital wallet? Think again

May 19, 2023 9:29 p.m.
THE recent spate of selling and even rental of verified digital wallets in the country should not be taken lightly. It is, in fact, alarming because its owners or account holders risk losing their identities with far-reaching consequences, according to cybersecurity and digital privacy company Kaspersky.
Since 2022, the local media have been reporting various apprehensions by police authorities of individuals allegedly involved in buying and selling of verified digital wallet accounts. Registered SIM accounts with verified digital wallet accounts are currently being bought for P350 each. On social media, the rates even go as low as P150 per account. These are then sold for an average of P600-P800 each.
This kind of transaction is a cybercrime offense under Philippine laws. If proven guilty, both seller and buyer are up for some jail time and penalties from P100,000 to P500,000.
But what’s stored in a digital wallet?
A digital wallet is usually loaded with personal details of its owner such as full name, date of birth, nationality, phone number, email address, and mailing address. Once verified by the digital wallet company as a legitimate account, all financial transactions can be performed within the digital wallet app.
The transaction limit varies but the maximum amount that can be received or sent per account is as high as P500,000, bypassing the use of credit and debit cards that are regulated and normally require security checks.
Mobile digital wallets are a popular alternative financial service among Filipinos. Unfortunately, some digital wallet users think that selling their account isn’t really a big issue. They believe their accounts are not tied to any bank accounts with a lot of funds so there is nothing to extort from them. And getting a new SIM is cheap and easy and verifying their digital wallet accounts is hassle-free.
“We’ve witnessed how the Filipinos embraced the cashless lifestyle during the pandemic, out of necessity. The ease of access and convenience of digital wallets made everyone quite comfortable, with some now selling, renting out or even loaning their verified accounts. By doing so, cybercriminals do not need to put much effort into phishing anymore as Filipinos are practically giving away their personal data for a song, which is really dangerous,” says Yeo Siang Tiong, General Manager for Southeast Asia at Kaspersky.
“As sellers or lenders of their own digital wallet accounts, not only would they get into trouble with the law. Losing their identities is also very likely especially when their data gets into the hands of scammers. With enough information from you, scammers can already set up other financial accounts using your name and use your identity to benefit them. Possible scenarios would be getting harassed by a collection agent for a debt you’ve never owed. It could also mean losing out on job or education opportunities just because your name appeared with an unpleasant digital profile when searched,” adds Yeo.
What other damage can data thieves do?
By selling your verified digital wallet, you are essentially handing out your data to cybercriminals and helping them carry out their evil activities.
With your confidential information in their hands, data thieves can:
- Make purchases on your behalf
- Use your personal details in online gaming. Cybercriminals use stolen identities for doxing (publishing your home address and phone number online for profit, fun, or humiliation) and swatting (reporting a fake emergency to law enforcement agencies to come to your place to intimidate you)
- Use your personal information in online gambling. Fraudsters create networks of thousands of synthetic accounts, normally using stolen personal data and credit card information to accumulate bonus points and redeem their “winnings”. This particular type of fraud is extremely common in online poker and blackjack, where the result can be manipulated through game strategy.
- Add themselves or an alias they can control as an authorized user so it’s easier to use your credit.
- Use and abuse your Social Security number. Scammers may be able to take out loans and claim benefits under your name.
- You may be banned from using the services of your favorite digital wallet company if your name appears to have availed of its loan services and that you cannot pay.
- Sell your information to others who will use it for malicious purposes. Buying and selling of stolen personal information is big business on the dark web, the non-visible Web that can be accessed only by a specialized browser where cybercriminals provide illegal services to one another. Back in 2018, data from Kaspersky showed that criminals can sell someone’s complete digital life in the dark web for less than $50 (or P2,761, today’s forex). In 2020, the cybersecurity company shared that personal identity details such as full name, date of birth, email and mobile can fetch from $0.5 to $10 each (or P27.62 to P552.33).
Is there still a way to save your stolen identity?
Once you have handed over your SIM account with your personal data in it, it is not easy to undo it. Experts suggest replacing your email address and telephone address as well as changing all affected passwords in all of your social media and financial accounts. If you believe you have been victimized by identity fraud, you can lodge a complaint through the Cybercrime Investigation and Coordinating Center (CICC) here.
How else to protect yourself from identity theft?
- Keep data to a “need-to-know” basis. If someone is asking for your personal information, ask why they need it and how they will use it.
- Bank safely. Make sure that you log into financial websites using a secure connection all the time.
- Know who you’re dealing with. If you are requested for your personal or financial information, find out who they are, what company they represent, and the reason for the request. Contact the company to confirm before disclosing any of your personal data.
- Secure the data in your device. Use a security software to maximize your online safety, whether you transact using your personal details on your laptop, PC or mobile phone.
TECHNOLOGY
vivo V50 unveiling soon! Join the giveaway to win luxury cosmetic prizes

4:57 p.m. February 6, 2025
Luck comes in red. The vivo V50 in Ancora Red is headed your way this month of February!
Known for pushing boundaries with cutting-edge technology and sleek design, the vivo V-series delivers yet another powerhouse. In collaboration with ZEISS, the vivo V50’s camera system is primed to impress, featuring ZEISS lenses that capture portrait shots with professional precision.
What makes the vivo V50 stand out even more? A deep, alluring red colorway that resonates with bold individuals who dare to set trends this year!
Excited to discover more? Full specs and features will be revealed SOON.
Join the ‘Bring Me Color Red with vivo V50’ challenge
As the waiting game for the vivo V50 unveiling starts, vivo is turning up the excitement!
With red being known to bring good fortune, vivo is sending all the luck your way as you join the ‘Bring Me Color Red with vivo V50’ challenge.
Starting TODAY, February 5, 2024 (Wednesday), vivo will roll out weekly challenges throughout the month.
Here’s the thrilling part: winners will be rewarded with luxury cosmetics!
The first challenge: BRING ME RED NAIL POLISH
Check out these easy steps
● Follow vivo Philippines on Facebook, Instagram, TikTok, and X.
● Capture a creative photo or video based on this week’s challenge: “Bring Me Red Nail Polish”
● Upload your entry via the Google Form link: https://bit.ly/vivoBringMeColorRED. Only one entry per person per challenge will be accepted.
● Comment “DONE” on the challenge post from @vivo_philippines and tag 3 friends!
Entries for the first challenge will be accepted until February 9, 2025, 11:59 PM. The lucky winner will receive a DIOR Vernis Nail Polish (999 Rouge).
Give your creativity the spotlight! You can also share your photo or video on social media with the hashtags #vivoV50BringMeRed #vivoV50Giveaway to make sure your entry stands out.
Don’t forget to set your account to ‘Public’ so vivo can check it out!
Ready for more? vivo will keep the fun going, as new challenges are coming on February 10, 17, and 23—more chances to win amazing prizes!
For the latest news and updates, follow vivo Philippines on Facebook, Instagram, YouTube, X, and TikTok.
Per DTI Fair Trade Permit No. FTEB-214030 Series of 2025
TECHNOLOGY
Get up to P2,000 off in Xiaomi’s Valentine’s Day sale

8:30 p.m. February 3, 2025
Thinking of getting a new smartphone or tablet? Valentine’s Day may be the best time to spring for that upgrade you’ve been eyeing with exclusive discounts on Xiaomi and Redmi devices at all authorized online and offline stores.
Starting February 1, 2025 while supplies last, enjoy the following discounts on these must-have Xiaomi and Redmi devices:
● Php 2000 off on Xiaomi 14T (12+256 and 12+512)
● Php 500 off on Redmi 13
● Php 500 off on Redmi 14C (8+256 AND 6+128)
● Php 200 off on Redmi 14C (4+128)
● Php 100 off on Redmi A3 (3+64 and 4+128)
● Php 1000 off on Redmi Pad Pro (8+128 and 8+256)
● Php 1000 off on Redmi Pad SE (4+128 and 8+256)
● Php 1500 off on Redmi Pad SE 8.7 4G (4+64 and 4+128)
In addition to these special Valentine’s Day discounts, the all-new Redmi Note 14 Series is now available at all authorized Xiaomi stores. Now’s a great time to get it and experience the All-Star Durability that lets it keep up with all your adventures!
So what are you waiting for — spread the love and get a new Xiaomi phone or tablet to capture your special Valentine moments and celebrations in this limited-time offer!
To learn more about Xiaomi and Redmi products, visit http://mi.com/ph.
TECHNOLOGY
SCG elevates construction with the sustainable, innovative Smartboard Ultra

9:15 p.m. January 19, 2024
SCG, a leading force in the ASEAN construction industry with over a century of expertise, has introduced its groundbreaking Smartboard Ultra to the Philippine market. This innovative product, manufactured in Thailand, is a fusion of cutting-edge technology and environmental consciousness, setting a new benchmark for sustainable construction solutions.
The Smartboard Ultra boasts a revolutionary new formula that redefines the standards for construction boards. At its heart lies SCG’s advanced Firm & Flex™ technology, ensuring unparalleled durability and flexibility. This unique combination allows for effortless handling and installation while maintaining exceptional strength and resilience against the rigors of modern construction.

It also boasts an enhanced formula incorporating cutting-edge Anti-Mold Technology, specifically engineered to thrive in humid tropical climates. This crucial feature provides superior protection against mold and mildew growth, safeguarding both the structural integrity of your building and the health and well-being of its occupants.

SCG remains committed to environmental sustainability. The Smartboard Ultra is proudly asbestos-free and manufactured using low-carbon processes, minimizing its environmental impact. This eco-conscious approach aligns with the growing demand for sustainable building materials and contributes to a healthier planet.”

Moreover, the Smartboard Ultra’s prestigious Environmental Product Declaration (EPD) Certification from EPD International further solidifies its commitment to sustainability, which SCG has long maintained regarding its products, services, and operations. The EPD verifies the product’s environmental impact throughout its lifecycle, aligning with global efforts to combat climate change and promote responsible construction practices.
EPDs are a valuable tool in the quest for LEED certification, as they provide verified data about the environmental impacts of materials and products used in a building. They help project teams make better, more sustainable material choices, support energy and carbon reduction goals, and ensure compliance with LEED credits related to materials and resource efficiency. This transparency and data-driven approach align well with the broader goals of green building practices and sustainable development in the construction industry.

“This launch is a testament to SCG’s dedication to serving our customers with solutions that address their specific needs,” said Chanon Sangkaew, Export Manager, Housing Product Business at SCG. “By integrating advanced anti-mold technology and green properties into our Smartboard Ultra, we are not only improving product performance but also aligning with global sustainability goals.”
Incorporating eco-friendly practices into the design and construction of buildings in the Philippines is essential for addressing the nation’s environmental challenges, reducing operational costs, and enhancing the quality of life for its citizens. As architects, developers, and government agencies continue to embrace sustainable development, the long-term benefits of eco-friendly architecture will become even more evident, contributing to a more sustainable and resilient future for the country.
SCG is a leading regional force in the construction materials industry, providing innovative and sustainable solutions for modern building needs. With a rich history spanning more than a century, SCG remains dedicated to achieving excellence, prioritizing sustainability, and exceeding the expectations of its esteemed customers.
The arrival of the Smartboard Ultra in the Philippines marks a significant milestone for SCG. The product offers a reliable and high-performance solution for residential and commercial projects to meet the specific requirements of the Filipino construction market. This launch underscores SCG’s dedication to serving the growing needs of the ASEAN region with innovative and sustainable construction materials.
SCG continues to solidify its position as a pioneer in construction innovation. By seamlessly integrating advanced anti-mold technology, the exceptional durability of Firm & Flex™, and a strong commitment to environmental sustainability, the Smartboard Ultra sets a new standard for modern construction. It addresses the market’s evolving needs while prioritizing customer satisfaction and environmental responsibility.
“As the leading regional force in constructional materials for 111 years, SCG continues to drive innovation and sustainability. The SCG Smartboard Ultra, a testament to this commitment, is now readily available through authorized SCG distributors across the Philippines, making it easily accessible for Filipinos’ construction needs.”
For more information on the Smartboard Ultra and its transformative capabilities, please visit SCG Brand Philippines in FB Page.