GCash bars over 4M fraud accounts—mitigates cyberattacks and keep fraudsters at bay
At the recently concluded MAP ICT Summit yesterday, GCash president and CEO Martha Sazon highlighted the company's efforts to help secure the accounts of its massive user base.
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| GCash president and CEO Martha Sazon giving her talk at the MAP ICT Summit |
GCash highlights recent efforts to mitigate cyberattacks and keep fraudsters at bay
To help keep cyberattacks and fraudsters at bay, GCash recently launched the DoubleSafe Face ID security feature. It's an industry-first face recognition technology to ensure that the person accessing an account is the same as the one who registered in GCash.
According to the company, they have saved around 750,000 accounts after the launch of the said feature.
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| DoubleSafe and Online Shopping Protect |
GCash also highlighted its Online Shopping Protect. It ensures eligible items that were purchased via GCash Pay Online within 30 days due to unforeseen circumstances for a premium of just PHP 34 with up to PHP 20,000 in total coverage for 60 days.
Martha also boasts that they partnered with the government and other organizations to fight cybercrime. They also have the GSafeTayo Campaign to advise people to activate the Double Safe Face ID, educate people to never share MPIN and OTP, and be alert on phishing scams modus.
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| GCash aims for a safer Digital Ecosystem in PH |
In total, GCash said that it has barred over 4M fraud accounts, taken down 800 phishing sites, and taken down 45K malicious social media posts.
During the event, Martha also told the attendees that this is just the start of their campaign against scammers and cybercrime. The company said that they are committed to going above and beyond the industry standards to keep the accounts of its user base safe and secure.
This is huge as GCash is currently the biggest mobile wallet app in the country. A lot depends on it in their everyday transactions.
What do you guys think?
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