THIS is not the first time in recent weeks that we have turned our attention to this subject, but we feel it deserves another look due to an extraordinary series of warnings over the past few days that have been issued by concerned authorities such as the Bangko Sentral ng Pilipinas (BSP), the major telecommunications firms and major banks.

Digital fraud, in a very real sense a second epidemic caused by the novel coronavirus, seems to be spreading even faster than the real disease, defying all attempts to control it.