GCash has forged an agreement with the National Bureau of Investigation (NBI) to strengthen initiatives in combatting online fraud, scams and other cybercrimes.
Under the memorandum of agreement (MOA) signed on January 10, GCash will assist NBI in preventing, detecting, investigating and prosecuting cybercrimes that involve the use of the GCash mobile app or the transfer or receipt of proceeds from any crime or unlawful activity.
This will be done by providing relevant information and data under prevailing laws, rules and regulations.
GCash said the agreement also further solidifies its priority to secure the funds and data of its users.
“As more and more Filipinos embrace the digital space for their daily transactions and investments, it’s critical for law enforcement agencies to have an active partner like GCash with whom we exchange technical knowledge and expertise on the latest cybersecurity measures. This partnership is a big milestone in our shared fight against scammers, fraudsters, and other cybercriminals,” said Medardo De Lemos, NBI director.
Gcash said it is also working with the Philippine National Police Anti-Cybercrime Group, Anti-Money Laundering Council and other law enforcement agencies to further employ up-to-date security technologies, and strengthen security measures, through continuous threat and intelligence sharing, and better ensure safer transactions for its customers.
This also includes adhering to the strictest anti-money laundering, counter-terrorism financing and anti-fraud standards.
In line with this, GCash is reminding users to protect themselves when using digital wallets and to become more attentive in the face of fraud.
