CICC, GCash sign agreement to ramp up fight against fraud

To strengthen its long-term promise to give Filipinos safe and secure digital financial services, the Cybercrime Investigation and Coordination Center (CICC) has signed an agreement with GCash, the country’s most popular financial app, to work together against online fraud and scams. GCash will continue to work with CICC to improve cyber security, use their combined skills to fight cybercrime and make cyberspace safer.

The partnership between the CICC and GCash, he said, is “a strong signal to the whole community and to cyber criminals that we are not sitting back, that we will be aggressive in securing the money that the public has entrusted to us, and that we will actively, diligently, and relentlessly run after cybercriminals, whoever they may be, and bring them to justice.”

Joining Sec. Uy in signing the agreement were CICC Undersecretary Alexander Ramos and Retired Supreme Court Justice Andres Reyes, Jr., GCash Head of New Businesses, Corporate Affairs, and Sustainability Winsley Bangit, GCash Chief Legal Officer Atty. Maria Corazon Alvarez-Adriano and GCash Legal Head Atty. Gilbert A. Escoto. In his speech, Usec. Ramos urged the victims of online scams to immediately file a report with GCash and the CICC, “not on social media.”.

According to Ramos, this will activate the quick incident response system made possible by the collaboration between GCash and the CICC, allowing for timely protection of the public and preventing scammers from picking up more victims.

The undersecretary also urged the public to reach out to the government’s 24/7 anti-scam response hotline in case of suspected scams by dialing 1326.

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Through its continuous cooperation with authorities, GCash has blocked over 4 million fraudulent accounts and taken down 810 phishing sites and 45,000 malicious social media posts and accounts in 2023.

Raffy Pedrajita

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Rafael Pedrajita is the founder of Tech Patrol and a seasoned freelancer and blogger who has been creating digital content since March 2010. Beyond his work in the tech space, he is a proud husband to his wife, Amor.