GCash disables Bank Transfers after Account Deduction Incident

• 
  Written By Abe Olandres
• Published • May 9th, 2023
• FintechNews
• 5 Comments

Related Stories:

• How that GCash Hack Attempt Could Have Been Made 13
• GCash removes Biometric Login feature
• GCash Official Statement on Account Deduction and Alleged Hacking

GCash 13 seems to be doubling down on security efforts after confirming the GCash accounts were randomly deducted yesterday.

They’ve released an official statement 21 in this regard and denied any hacking incident that might have caused it.

Following an extended system downtime last night, GCash has also disabled the biometric login feature of the app.

Likewise, they have also apparently disabled the Bank Transfer feature, promising that it will be returned soon.

Based on the succession of incidents and on GCash’s statement that there is no hacking involved, it seems to highlight the seriousness of the account deductions experienced by GCash customers.

We’ re still waiting for additional comments from GCash regarding this series of incidents.

• gcashgcash attackGCash bank transfergcash insident

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Abe Olandres

Abe is the founder and Editor-in-Chief of YugaTech with over 20 years of experience in the technology industry. He is one of the pioneers of blogging in the country and considered by many as the Father of Tech Blogging in the Philippines. He is also a technology consultant, a tech columnist with several national publications, resource speaker and mentor/advisor to several start-up companies.

• https://www.yugatech.com

• 5 Comments

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