GCash partnership with law enforcement agencies to curb crime yields results

BY ONLINE BALITA NEWS TEAM

GCash lauds the successful operations of the Department of Justice (DOJ), the National Bureau of Investigation (NBI), and the Philippine National Police Anti-Cybercrime Group (PNP-ACG) against cybercriminals.

The DOJ, NBI, and PNP-ACG conducted a series of raids and arrests of alleged cyber criminals in the past months.

They have successfully arrested suspected perpetrators of various crimes like love scams and task scams, as well as seized SIM Cards purportedly used for dubious purposes.

The authorities are working on the arrest of the suspects linked to the illegal operations – a big win in the shared fight against scammers, fraudsters, and other cybercriminals.

“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   cyber security   measures,” said   Atty.   Maria Corazon PMR Alvarez-Adriano, chief legal officer of GCash.

In addition to its partnership with law enforcement agencies, GCash is driving the passage of a bill that, among others, will criminalize the buying and selling of so-called mule accounts which are used by criminals to hide their identities when transferring illicit money.

The leading e-wallet continues to invest in best-in-class security technologies and innovations. GCash   recently   reached   100%   rollout   for   its   industry-first   security   feature,   DoubleSafe,   to ensure that the person accessing an account is the same as the one who registered in GCash by using face ID technology.

“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 remains steadfast in educating its customers and the general public on how they can better   protect   themselves  from   scammers.  

Through  educational  materials  under  the #GSafeTayo campaign, GCash encourages users to be wary of Phishing sites and links that spoof official portals of financial institutions and online shopping websites.

Customers are also advised to transact only through GCash’s official channels and remember that it will never send personal messages to address concerns or ask for users’ MPIN, OTP, or other personal information.