The recent massive attack on GCash users points to phishing as the primary vector to gain access and compromise accounts of unsuspecting victims. GCash alone has more than 81 million users as of March 2023. It does not need to be as complicated or sophisticated as La Casas de Papel, but even if it will only work with 0.001% of the total user base, that is still 81,000 GCash users. Here's another example of an attempt to use a legitimate business like Starlink to offer a promo when you GCash. An uncle of mine who is an oncologist and surgeon got his Viber account hacked and it was used to solicit money from hospital colleagues and patients to send money to the GCash account of scammers. Mobile wallet, GCash, unveiled their newest app feature ‘GGives.’ This allows qualified users to pay for items up to PHP 30,000 under 24 installments or ‘gives’ twice-monthly within 12 months. “GCash’s new lending features, such as GGives and GLoan, are tailor-made for Filipinos’ purchasing behaviors, such as installment pay or hulugan. This is because it allows them to have enough freedom to maximize their money while still getting to enjoy what they want and need,” said GCash President and CEO Martha Sazon in a press release. Read more in our articles including "Top 5 Ways Scammers Use to Gain Access to Your Account" and "GCash intros GGives ‘Buy Now, Pay Later’ feature".
The recent massive attack on GCash users points to phishing as the primary vector to gain access and compromise accounts of unsuspecting victims. GCash alone has more than 81 million users as of March 2023.
It does not need to be as complicated or sophisticated as La Casas de Papel, but even if it will only work with 0.001% of the total user base, that is still 81,000 GCash users. Here's another example of an attempt to use a legitimate business like Starlink to offer a promo when you GCash. An uncle of mine who is an oncologist and surgeon got his Viber account hacked and it was used to solicit money from hospital colleagues and patients to send money to the GCash account of scammers.
Our coverage of globe gcash includes: "Top 5 Ways Scammers Use to Gain Access to Your Account"; "GCash intros GGives ‘Buy Now, Pay Later’ feature"; "Globe launches GoPay, PH's first mobile money QR payment". Each article provides unique insights and information.