GCash shares results of partnership with authorities vs cybercrime

GCash said it has partnered with authorities on the conduct of operations against cybercrimes, which has been successful.

File photo: GCash app 

GCash joins govt ops vs criminals

In a statement, GCash recognized the successful operations of the Department of Justice, the National Bureau of Investigation, and the Philippine National Police Anti-Cybercrime Group against cyber criminals.

GCash is supportive of the operations of the DOJ, NBI, and PNP-ACG in going after perpetrators. We are an active partner of our law enforcement agencies as we exchange technical knowledge and expertise on the latest cybersecurity measures said Atty. Maria Corazon PMR Alvarez-Adriano, chief legal officer of GCash.

A series of raids and arrests of alleged cybercriminals were conducted in the past months, it noted. Authorities arrested suspected perpetrators of various crimes like love scams and task scams, as well as seized SIM Cards used for illegal activities, it added.

Aside from this, GCash is also pushing for the passage of a bill that will criminalize the buying and selling of “mule accounts” used by criminals to hide their identities when transferring illicit money.

GCash assures it continues to invest in security technologies and innovations.

Recently, GCash said it has fully implemented the industry-first security feature DoubleSafe. This ensures that the person accessing an account is the same as the one who registered in GCash by using face ID technology, it explained.

With the DoubleSafe Face ID feature, even if the users inadvertently give out their MPIN or OTP, their account cannot be accessed from a new device without scanning the owner's face, said Miguel Geronilla, GCash's chief information security officer.

GCash also said it remains committed to educating its customers and the general public on how they can better protect themselves from scammers. Through #GSafeTayo campaign, GCash said it encourages users to be mindful of possible phishing sites and links that mask themselves as official sites.

The e-wallet said it is also continuously reminding users to transact only through official accounts. Moreover, it will NEVER send personal messages to address concerns or ask for users’ MPIN, OTP, or other personal information, GCash added.

GCash urges users to report scams and other suspicious activities in the official Help Center inside the app or at help.gcash.com.

What do you think about this?