Scams remain rampant in the Philippines despite recent efforts made by eWallet platforms like GCash that include insurance for transactions. The government is dealing with many cybersecurity issues as of late, and the DICT thinks that resetting the auto-debit feature in eWallet platforms should lessen the number of scams victimizing many Filipinos. According to DICT […]
One of the concerns about using eWallets like GCash is the odds of falling into a scam. We previously made a tutorial on what you should do in case you got scammed in GCash, and the fintech platform has since made efforts to reduce scams on its platform. Staying true to its promise, GCash recently […]
Hackers have placed everyone in danger after they have exposed over 600GB of Philhealth data to the dark web. This follows after Philhealth’s website and computer systems suffered from a Medusa ransomware attack last September 22. The Medusa ransomware encrypts data and demands a ransom payment in exchange for an alleged decryption key. For the […]
In the push to reduce the number of scam calls in the Philippines (trust us, there’s a lot), call identification and spam-blocking app Whoscall brings its services to the country, giving users an additional tool to filter scammers. The app identifies unknown numbers, blocks spam calls, and scans suspicious URLs from messages to provide comprehensive […]
The GCash incident last May 8 is one of the more prominent cases of phishing in the Philippines, and Kaspersky recently reported that the country ranked fifth among Southeast Asia countries with the highest number of phishing attacks at 4,559,288 incidents in 2022. The SEA country with the highest number of phishing incidents in 2022 […]
One of the major effects of the COVID-19 pandemic in 2020 is the rise of contactless payments and less dependency on cash in doing transactions. That trend continues to grow further, as Visa’s 2023 Consumer Payment Attitudes Study reveals that around 50% of Filipinos are carrying less cash in 2022. Further findings also reveal […]
With all the controversy happening with financial app security lately, the Bangko Sentral ng Pilipinas (BSP) reminded e-wallet holders to stay vigilant. Here’s what the agency had to say. BSP Governor Felipe Medalla spoke to the press about the recent incident with GCash. For those who need a quick jog of their memory, this saw […]
While it’s a relief that the government has decided to extend SIM Registration to July 25, users need to be more vigilant, as scammers are taking advantage of it. “I already warned that once we extend this [SIM registration deadline], scammers will use that to take the opportunity to continue and hasten their scamming methods […]
While the BSP and the NPC are set to conduct their own investigation as to what happened to GCash last May 8, the -e-wallet platform has sent us an official statement explaining what happened. Reiterating their previous comments, GCash explained that “no hacking nor glitch” occurred in their platform. Instead, GCash said the May 8 […]
Aside from the BSP and Congress, the National Privacy Commission (NPC) is also conducting its investigation on the GCash hack attempt, where they are investigating a possible data breach involving compromised accounts. To recall, GCash’s initial findings on the incident, where they foiled a supposed hack attempt that involved Php 37 million, the fraudster made […]
The National Privacy Commission (NPC) has signed a memorandum of understanding (MOU) last May 10 with telcos Globe, Smart, and DITO to improve the data privacy protection of its users. The MOU aims to strengthen the coordination and cooperation between the government and private sector, to further enhance the quality of services to stakeholders while […]
Following all the events that happened to GCash this week, where the use of phishing links is seen as the primary cause of the foiled hack attempt, Senator Win Gatchalian urges all e-wallet users, not just those using GCash, to report any suspicious or unauthorized transactions immediately. “Incidents like this (GCash) diminish the confidence of […]