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GCash joins DICT in holding cybersecurity learning sessions | #cybercrime | #computerhacker


The Department of Information and Communication Technology (DICT), through its sub-agency Cybercrime Investigation and Coordination Center (CICC) and in partnership with finance app GCash, conducted a learning session for cyber investigators. 

Held at the CICC hub in Bonifacio Global City, Taguig, the event was participated by key officials representing various governmental bodies such as the National Privacy Commission (NPC), National Telecommunications Commission (NTC), and Bureau of Internal Revenue (BIR), alongside leaders from GCash.

“We reaffirm to the public that we are continuously maximizing our efforts concerning the cyber security of millions of Filipinos. Thus, we form partnerships such as this that can help boost the government’s initiatives in reducing cybercrime,” said Undersecretary Alexander Ramos, executive director of CICC.

Emphasizing cybersecurity as an integral factor of digital financial services, GCash shared its best practices and innovative cybersecurity initiatives, including its GSafeTayo campaign and the launch of enhanced security measures on its platform.

GCash shared its data privacy protocols and measures to boost customer trust and loyalty, while also educating participants on common fraud cases and ongoing efforts to enhance security and fraud prevention mechanisms.

Threat of cybercrime

Through continuous innovation and stringent risk mitigation strategies, GCash ensures compliance, safety, and security for its users. Its DoubleSafe security feature, employing Face ID authentication, provides an added layer of protection against unauthorized transactions.

Through these partnerships, GCash and its partners also aim to leverage their strengths and enhance cyber capabilities while promoting financial inclusion.

To combat the escalating threat of cybercrime, GCash advocates for digital literacy initiatives to educate users on prevalent scams and fraudulent activities, including phishing scams, smishing, and identity theft. Its collaboration with law enforcement agencies has led to the blocking of over 4.1 million fraudulent accounts, underscoring its proactive stance against malicious activities.

“While it is clear that technology helps pave the way for a more financially inclusive society, GCash knows the importance of educating users about safer use of cyberspace, especially financial services,” said Macky Limgenco II, associate vice president for Commercial Sales, GCash.

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