PNP-ACG and JuanHand Partner to Fight Online Lending Scams

The Philippine National Police Anti-Cybercrime Group (PNP-ACG) has entered into a strategic partnership with fintech cash lending firm JuanHand to combat the rising threat of cybercrime in the digital lending sector.

The collaboration focuses on protecting Filipino consumers from scammers and educating the public on how to identify and avoid predatory lenders.

The agreement outlines several key initiatives designed to improve cybersecurity awareness.

These include information sharing between the two organisations, specialised training programmes, and public workshops regarding the evolving nature of cyber threats.

The primary objective is to equip borrowers with the necessary knowledge and tools to report suspicious activities effectively.

Francisco Roberto D.C. Mauricio, President and CEO of JuanHand, highlighted the importance of the collaboration for consumer protection.

Mauricio added that responsible borrowing contributes to financial empowerment, noting that the joint effort intends to create a safer environment for users.

The partnership underscores the necessity for coordinated action in the fintech sector to address cybersecurity challenges.

By combining law enforcement expertise with private sector reach, the initiative aims to reduce the prevalence of online scams and foster a more secure digital financial ecosystem.

Featured image by JuanHand.

The post PNP-ACG and JuanHand Partner to Fight Online Lending Scams appeared first on Fintech News Philippines.