Scammers, fraudsters, and cyber-criminals
are now becoming more creative with their methods as technology quickly advances.
One of the increasing cases of fraud now involves digital currencies also known
as cryptocurrencies. The Philippine National Police Anti-Cybercrime Group (PNP-ACG) and leading mobile wallet GCash are
warning the public against crypto scams circulating on social media disguised
as enticing job offers.
The scam begins with an online job offer
shared as a link through social media posts. Individuals who express interest
are added to a group chat where promises of substantial earnings are discussed.
Victims are then lured into making investments in cryptocurrencies. It is also
important to note that these fraudulent offers only allow mobile wallet
transactions, adding to the suspicious nature of the offer. To gain the trust
of victims, the scammers will initially
allow victims to cash out their earnings by linking their GCash accounts, which
eventually leads to account take-over.
"By educating users with the
knowledge and sharing practical tips based on our actual investigations, we
empower them to identify and avoid potential scams, ensuring their financial
safety," says GCash Head of Fraud Operations Alexander Sibal.
To protect themselves, users are strongly
advised to conduct thorough research before investing their money. This can be
done by checking with the Securities and Exchange Commission (SEC) prior to
making any investments. Moreover, individuals who receive job offers should
insist on video calls to further validate their legitimacy. Verifying the
authenticity of the presented documents is of utmost importance.
“We at the PNP-ACG, strongly urge the
public to practice due diligence so as not to fall victims to these scams. When
in doubt, just follow the tips posted on our social media page. Our good
relationship with GCash is a step in the right direction as we continue our
cybersecurity public service campaign,” says PNP ACG Spokesperson, PCapt.
Michelle Sabino.
Additionally, GCash reiterates its
warning to users never to disclose their MPIN or OTP and to avoid clicking on
unknown links from websites, emails, or messaging apps. For assistance, users
can contact the PNP-ACG through their hotlines at (02) 8414-1560 or
0998-598-8116, or via email at acg@pnp.gov.ph. To report scams and fraudulent
activities, users can also visit the official GCash Help Center at
help.gcash.com or message Gigi on the website and type "I want to report a
scam." Customers can also reach out to the official GCash hotline at 2882
for inquiries and other concerns.
For more information, visit
www.gcash.com.ph.
