GCash doubles down on security amid pandemic



GCash, the undisputed leading and preferred mobile wallet in the Philippines, is doubling down on security measures to safeguard its users from fraudsters and cybercriminals, putting in different safety nets that keep customers alert and aware of their accounts’ security and safety.

 

GCash has ensured that users receive SMS, in-app, and social media advisories against fraudulent pages, including fake donation drives and fake financial aid, offers under the government's social amelioration program.

 

App notifications informing customers not to share their account details were rolled out. As soon as a customer opens the GCash app, the reminder not to share any information such as MPINs and OTPs (one-time pins) with anyone can be seen.

 

It has also taken a more active role in ensuring that fake social media advisories and accounts are taken down.

"As the fight against the coronavirus ensues, we're also waging a war against unscrupulous individuals who are taking advantage of this pandemic to defraud Filipinos. We want to ensure that GCash users who are dependent on our services have trust and confidence in our app, which is why we are doing everything we can to improve our own programs that promote cybersecurity awareness. We want to ensure that GCash users who are dependent on our services have trust and confidence in our app, which is why we are doing everything we can to improve our own programs that promote cybersecurity awareness. We are committed to ensuring that our users' data is protected and that they enjoy the app safely and securely," Sazon said. "This is why we're always on the lookout at how we can intensify our drive against criminals who continue to sully the company's name. At GCash, we understand that the surge of users can also breed fraud risks like cyberattacks and identity theft, which is why, since day one, we have always worked toward prioritizing security and reducing our vulnerabilities," Sazon said. "We recognize the importance of mutual trust and confidence between the app and its users and we aim to further develop this through our efforts in upgrading and ensuring that our system is always at its best.” ~Martha Sazon, GCash President and CEO

GCash also launched social media livestreams that explain how users can further secure their account and delve into account safety and security, making sure that the average GCash user understands how and why these features matter.

 

In line with strengthening its commitment in protecting consumers from financial fraud, GCash publishes timely and easy to understand infographics, in both English and Filipino, through their official social media channels, that remind and keep users up to date.  

 

GCash has also partnered with authorities in fraud investigations, offering assistance and cooperating with the National Bureau of Investigation (NBI).

 

In May, GCash helped the NBI arrest three online swindlers who violated the Cybercrime Prevention Act of 2012 and committed estafa. The individuals asked for users' personal details, including birth dates, addresses, authentication codes, and email addresses.

 

Aside from these, GCash has also introduced the Customer Protect program, wherein qualified users are assured of compensation for unauthorized financial transactions on their GCash app, arising from stolen mobile phones or identity theft.

Globe Fintech Innovations Inc. (Mynt), which operates GCash, is part of the portfolio companies of 917Ventures, the largest corporate incubator in the Philippines wholly-owned by Globe Telecom Inc.

 

GCash is available for download on the App Store and Google Play. For more information, kindly visit https://www.gcash.com/.