November 25, 2022 | 5:43pm
MANILA, Philippines — Despite GCash’s best efforts to safeguard users’ information, malicious actors are still prevalent and have even invented a new fraud scheme.
Nic Ang, a GCash user, recently shared her experience on Facebook about a new modus that involves the e-wallet and ShopeePay. She said that the scammers were able to take out a loan worth P64,000, which they then transferred to their ShopeePay account. The scam took only 15 minutes.
According to Ang, someone who pretended they were from GCash called her claiming that a particular person is trying to access her GCash account. The caller also said that the phone call is being monitored by the National Bureau of Investigation’s (NBI) anti-cybercrime department. The NBI currently has an office handling cybercrime issues called the Cyber Crime Division.
How scammers operate
The scammer said their team is tracing the person trying to access her GCash account as they spoke. The caller also noted that they were trying to block the transactions being made by the person. The team of scammers sent money request transactions in real time while saying that they canceled the transaction to make it look like they blocked the alleged malicious transaction.
Once they gained Ang’s trust, they told her that they needed her one-time pin (OTP) to freeze the GCash user’s account. When the scammers got Ang’s MPIN, they were able to make a P64,000 loan,…
