GCash Steps Up Efforts, Blocks over 900,000 Fraudulent Accounts

GCash Steps Up Efforts, Blocks over 900,000 Fraudulent Accounts

Despite the ordeal it had to deal with this week, where around Php 37 million of funds were seized in a hack attempt, GCash assures everyone that it is stepping up its efforts toward hunting down online scammers.

In a statement, GCash disclosed that they have helped anti-cybercrime agents in arresting an online seller who allegedly stole money after failing to deliver the item to the buyer. The suspect, whose name is Rachelle Luzon, was arrested after offering a Php 4,500 downpayment for an iPhone–which the victim has never received despite paying the said amount via GCash.

“The victim reported the incident to the authorities and informed the investigators that, to entrap the suspect, she used the Facebook account of her friend to purchase an iPhone from the suspect who agreed to a meetup,” GCash said in its statement.

In addition to that, GCash has blocked over 900,000 fraudulent accounts. Being described as “fishy” accounts, GCash said that these accounts in question are “believed to be behind anomalous transactions consummated by the suspects with their victims on social media and digital storefronts.” To recall, one of their findings regarding the hack attempt last May 8 was traced to phishing links received by its users.

While GCash is doing its best effort to hunt down online scammers, it reminds all of its users to be more vigilant and cautious–this includes always asking for the seller’s details and demanding an official or acknowledgment receipt for every transaction.

In case you are a victim of an online scam that involves GCash, make sure to read our guide on what to do when it happens to you.

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