NBI, GCash Charge 3 Suspects with Cybercrime, Estafa

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May 20, 2020 – The National Bureau of Investigation (NBI) arrested 3 individuals in Quezon City for swindling from victims whose identities were stolen. They are charged with violations of the Cybercrime Prevention Act and Estafa.

According to a press release received by BitPinas, the 3 suspects pretended to be Gcash, Grab, Lalamove, or Mr. Speedy employees. They convinced their victims that their accounts were compromised and offered to help them in fixing their accounts.

Believing that the 3 suspects are real, the victims gave their:

  1. Personal Details
  2. Account Number
  3. Mobile Personal Identification Number (MPIN)
  4. One Time Password (OTP)
  5. Authentication Code
  6. Birthday
  7. Email address

The victims unknowingly gave all the details needed to gain access to their accounts.

Gcash helped the NBI in finding the three suspects by conducting its own investigation and submitted the report to the NBI.

Gcash previously launched its Customer Protect program last year where qualified customers are given compensation for unauthorized financial transactions on the Gcash accounts. A user can report cases of irregular transactions on their Gcash app to the company’s customer care channels. Users can report the questionable transaction within 15 days.

‚ÄúSecurity has always been one of the pillars by which GCash operates. We have placed various levels of security including MPINs, OTPs, and other security features. But there are individuals out there who take advantage of others through various means of trickery. We highly advise our users to be very vigilant especially during situations that they deem suspicious,‚ÄĚ Chief Risk Officer Don Nino Santos said.

Mynt, a partnership between Globe Telecom, Ayala Corporation, and Ant Financial operates Gcash.

This article is published on BitPinas: NBI, GCash Charge 3 Suspects with Cybercrime, Estafa

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Michael Mislos

A business ad graduate from the Pamantasan ng Lungsod ng Maynila, Mike is the website manager of Bitpinas.com. He is responsible for almost every content you see on the site, from topic/news selection to editing of articles. Mike believes correct information about blockchain and cryptocurrency can empower people to make accurate decisions about the industry, which, in turn, should deter bad actors from taking advantage of crypto & blockchain. [Telegram @mikemislos]