Gcash and police tie up leads to blocking of accounts of 900K suspected fraudsters

FINANCIAL technology unicorn Gcash reported on Tuesday its partnership with the National Bureau of Investigation (NBI) and the Philippine National Police (PNP) has resulted in the blocking of over 900,000 users suspected of fraud during the first quarter of 2022.

“Gcash has been providing invaluable service to Filipinos, especially during the pandemic. It is crucial that we work together to protect the platform against fraud,” Gcash President and CEO Martha Sazon said.

Gcash and other digital wallets are common conduits of fraudulent activities, including the solicitation of money through identity theft.

Sazon also urged Gcash users to “protect themselves and become more vigilant in the face of fraud.”

“As we continue to bolster our security system, we are also counting on the support of our customers and ask that they be vigilant against online scam,” said Sazon.

She added users can protect their accounts by keeping private their pin codes and one-time passwords. Gcash users, she added, can also beef up their security by only conducting Gcash-related activities inside the platform.

Sazon added that Gcash users must also be aware of the identity of which they transact with and check official Gcash channels for any concerns.

She noted that to make sure that cybercriminals are monitored, caught and apprehended, Gcash also works closely with the NBI’S Cybercrime Division and the PNP’S Anti-cybercrime Group in preventing scams and other illegal activities and apprehending any guilty parties.