Suspect Behind Hacking the Credit Card of Win Gatchalian Finally Arrested
The National Bureau of Investigation (NBI) has arrested the suspect behind the hacking of the credit card of Senator Win Gatchalian.
According to the senator, the suspect used his credit card to purchase P1.1 million worth of booze. The National Bureau of Investigation (NBI) apprehended Julius Anacin, one of the alleged perpetrators of the credit card hacking, according to his statement.
The senator, on the other hand, praised the NBI for being dependable in upholding the law and for being able to keep up with the technology used by hackers, who “clearly discover potential goldmines in their fraudulent schemes.” Cybercrime and identity theft, according to the senator, are on the rise, with hackers and fraudsters or swindlers profiting.
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Credit card fraudsters must be prosecuted in accordance with the law, according to lawmakers. He stated that apprehending the perpetrators of such scams, as well as identity theft, credit card fraud, and other forms of cybercrime, should not be taken lightly.
“This incident necessitates the legislation of a measure that will further strengthen the financial system and protect consumers as financial products and services become more complex,” the legislator added.
Senate Bill 2287, also known as the proposed Financial Products and Services Consumer Protection Act, has already been introduced in the legislature. The bill, which has already received support from the Central Bank of the Philippines (BSP) and some stakeholders such as the Financial Executives Institute of the Philippines, aims to cover more financial services, improve authority, and strengthen cooperation with regulators to promote consumer welfare.
In January, Gatchalian disclosed that the hacker had used his credit card, prompting him to contact the NBI. A hacker obtained Gatchalian’s credit card and used it to order a million pesos worth of meals for delivery, according to Gatchalian.
Later, it was discovered that the hacker had spent P1 million on whiskey rather than food. He sought assistance from the National Bureau of Investigation (NBI) in identifying the hackers who made the transactions with his credit card.
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