#gcash exploit

Related Stories: GCash disables Bank Transfers after Account Deduction Incident GCash disables Biometric Login feature GCash Official Statement on Account Deduction and Alleged Hacking Dax Lucas of the Inquirer shared insider information about the attempted hack on GCash users that amounted to about Php37 million. Based on the actions, media advisories, and TV interviews made by GCash, the story seemed plausible. They already have two bank accounts (East West Bank and Asia United Bank) on standby to receive the funds from multiple GCash transfers. 2) Perpetrators routinely collect login information from random and unsuspecting GCash users using several phishing vectors -- could be via email, SMS or social media. This usually happens when someone is fooled into clicking a link to manage their bank account, or in this case GCash. The original deadline for the SIM Registration last April 26, 2023 could have added to the urgency and confusion, making people click on links that pertain to their SIM or to their GCash account. There were rounds of multiple posts on Facebook urging people to cash out their GCash funds or else they will not be able to access it after the deadline of the SIM Registration. 3) Instead of accessing and transferring compromised GCash accounts individually as they go, the culprits had the patience to simply collect all the accounts and wait for the right time to do everything all at once. Read more in our articles including "How that GCash Hack Attempt Could Have Been Made" and "GCash now available in Messenger".