GCash, the Philippines’ number one financial app, rolls out ‘DoubleSafe,’ a game-changing security feature to safeguard its users from account takeovers.
DoubleSafe strengthens the security of GCash’s 76 million users as it prevents unauthorized account access. Before DoubleSafe, GCash already required two levels of authentication or 2-Factor Authentication.
The feature uses facial recognition, which means that even if a user inadvertently shares their MPIN and OTP with fraudsters, their account cannot be accessed from another device without scanning the owner’s face – ultimately preventing account takeovers.Beyond this security feature, GCash is also closely working with the Philippine National Police Anti-Cybercrime Group in going after fraudsters and scammers. This was formalized by the signing of a memorandum of agreement with PNP-ACG in 2022.
Along with the launch of Doublesafe, GCash is intensifying its GSafeTayo campaign through a series of awareness and education materials that will help customers identify and avoid fake sellers, suspicious links, as well as other common forms of scams. Double check before buying. Fake online sellers and shops offer too-good-to-be-true deals to lure individuals into purchasing their products. GCash recommends double checking online offers, as well as checking reviews to ensure authenticity.
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