GCash foiled attempts by suspected hackers to siphon off millions from its clients after they detected a pattern of relatively small withdrawals from multiple users sent to only two recipient accounts at another bank late Monday night. CDNDigital READ:
MANILA – GCash, the popular digital payments app of Globe Telecom Inc., foiled attempts by suspected hackers to siphon off millions of pesos from its clients after the company detected a pattern of relatively small withdrawals from multiple users sent to only two recipient accounts at another bank late Monday night.
“This was averted by GCash which immediately put a hold order on the transfers once the pattern was detected,” a ranking Globe official told the Inquirer, requesting anonymity because an internal probe is still ongoing as of press time. “The money is intact, and everything will be returned to our clients,” the official added, explaining that the company’s priority is to be proactive in its response so as to maintain the trust of its clients, especially with more Filipinos adopting digital payments since the start of the pandemic.The official explained that the company decided to act after seeing successive “suspicious” transactions being directed from GCash to only two accounts–one in East West Banking Corp.
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