GCash Signs MOA with National Bureau of Investigation to Deter Cyber Crime

Wednesday, January 10, 2024

Today is a great day for every GCash account holder as a MOA was signed at the Seda Hotel in BGC between GCash and the National Bureau of Investigation in the Philippines. This is to further strengthen data privacy and cyber security efforts in the country.

The event was attended by Atty. Maricor Alvarez-Adriano the Chief Legal Officer of GCash, Atty. Gilbert Escoto the Head of G-Xchange, Inc. (GXI) Legal Department, Oscar "Renren" Enrico Reyes Jr. the G-Xchange, Inc. (GXI) Chief Executive Officer  and Atty. Medardo De Lemos the National Director of the NBI.

Mr. Enrico Santos of G-Xchange says "This event underscores the synergy between the private sector and a government agency. Strengthening cyber security is part of this, with over 6 Million merchants, we have been digitizing transactions for everyday Filipinos. Now you don't have to go distances to pay for utilities, and building your earn and trust is our top priority. GCash has been taking efforts to protect user accounts, we want to take it to the next level. Only you can access your GCash account, and only you will have your face to unlock it on our GSafe Tayo campaign. As we continue to advance consumer protection, we continue to partner with government agencies to pursue a safer and more just society. This is why we have NBI here. Thank you and good morning!"

Dir. De Lemos of NBI says "Today we formalize the partnership of both our institutions to mobilize safety in transactions on GCash. Criminal behaviors change, and financial transfers happen in a flick of a button. We used to be traditional investigators, but cyber criminals are out there. We need to do battle quietly, and we need each other, hence this partnership. GCash has data needed for arrest and prosecution, and in the past, we had successful operations with GCash. It was timely and needed for the fight against cyber criminals. We thank you, let's continue to do the critical things we need to do to make sure every Filipino is safe out there."

Users know that the platform is safe, they now also weed out bad actors but it will all fall to capturing them when it happens. This long term partnership makes it possible to initiate when complainants ask for help. So if you get to be a victim of scams, file a police report and submit it to GCash so they could do further steps to suspend and file with authorities when needed.


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