GCash, the mobile wallet of Globe Telecom Inc., said Wednesday it signed a memorandum of agreement with the Cybercrime Investigation and Coordinating Center of the Department of Information and Communications Technology as part of its campaign against fraudsters and scammers.
“The signing of this agreement couldn’t have come at a better time as 69 million or four out of every five Filipino adults are now placing their trust in GCash,” GCash chief customer officer Winsley Bangit said.
“We appreciate this immense support, which also serves as a compelling reminder that we must continue improving and innovating to protect our customers from ever-present cyber threats and other types of scams,” he said.
Under the agreement, GCash and CICC will strengthen collaboration to go after perpetrators involved in phishing, smishing, online fraud, e-scams, vishing and other cybercrimes that utilize the GCash app.
GCash chief legal officer lawyer Maria Corazon Alvarez-Adriano said the company deemed it necessary to take a more active role to ensure that user’s data are protected and they continue to enjoy GCash and its convenient digital financial services securely and safely given the ever-growing GCash user base.
“Through our joint efforts and commitment, we will be able to achieve more in the prevention, investigation, and prosecution of cybercrimes. I would also like to take this opportunity to assure the CICC that GCash will do whatever it can in order to provide successful implementation of this MOA,” she said.
The agreement will also facilitate cooperation on intelligence, investigation, operations, training and capacity building in terms of clamping down on various types of scams.
GCash and CICC will also jointly promote anti-cybercrime programs, campaigns, and activities to highlight the importance of educating Filipinos on cybersecurity.
The MOA also aims to enhance coordination and operational assistance with other government agencies and LGUs.
“The CICC shall undertake the realization of these responsibilities with respect to our common values and common vision for a cyber-safe and cyber-resilient Philippines. We thank you [GCash] for your partnership and look forward to the accomplishments we will achieve together. Our actions today to safeguard people in cyberspace will shape the Philippines of tomorrow,” DICT assistant secretary James Layug said.