On Thursday, the Security and Exchange Commission (SEC) and the mobile wallet GCash signed a deal to fight online fraud, e-scams, and other cybercrimes.
In a news release, GCash said it will help and work with the SEC to look into financial fraud crimes by giving important information and data in line with the laws, rules, and regulations that are in place.
The Enforcement and Investor Protection Department (EIPD) of the SEC said that victims of these cybercrimes usually send and receive money using online services like e-wallets.
GCash said that its agreement with SEC shows how much it cares about keeping its customers’ money and information safe.
GCash also said that it works closely with law enforcement agencies like the Philippine National Police Anti-Cybercrime Group (PNP-ACG) and the National Bureau of Investigation (NBI).
Digital Wallet Security Updates: How to Report a Cybercrime to PNP-ACG
The mobile wallet also said that it has been using the latest innovations in trust technology to create the safest digital environment for its users while putting more effort into educating customers on how to protect their accounts.
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