US EditionGCash Says Systems Secure as Privacy Commission Probes Alleged Data Leak - BusinessWorld Online
National Privacy Commission investigates after dark web post claims sale of 8 million GCash user records; GCash denies breach and reports no evidence of compromised systems.
- The National Privacy Commission opened an investigation after a dark web post surfaced on Sunday, October 26, while G-Xchange Incorporated reassured clients on Monday, October 27 that funds remain secure.
- A dark-web post by an account called Oversleep8351 alleged sale of GCash account, merchant and user data including KYC records with names, addresses, employment, and valid Philippine IDs, Deep Web Konek flagged.
- GCash's review found the leaked datasets do not align with its systems, noting incomplete entries and non-users, and the company said it is coordinating with Bangko Sentral ng Pilipinas, NPC, and Cybercrime Investigation and Coordinating Center.
- The NPC's Complaints and Investigation Division issued a Notice to Explain to G-Xchange, scheduled an online conference, and urged GCash users to update MPINs, passwords, and enable extra security soon.
- Deep Web Konek said the leak could be among the largest in the Philippine fintech sector, while GCash's 2024 unauthorized transactions have heightened user concern amid the dispute.
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GCash says systems secure as privacy commission probes alleged data leak - BusinessWorld Online
ELECTRONIC WALLET platform GCash said its systems remain secure following a forensic investigation that found no breach after reports emerged claiming that user data were being sold on the dark web. “Initial forensic analysis shows no compromise in GCash systems; data under circulation does not match official records or customer information,” the company said in a statement on Monday. GCash, operated by G-Xchange, Inc., said it immediately launc…
GCash: No Evidence of Breach; Investigation Confirms Systems Secure and Alleged Dataset Inconsistent with Cash Records
GCash is aware of an online post alleging that user information is being sold on the dark web. The security and privacy of our users remain our highest priority. We take these allegations seriously and immediately launched an investigation with our cybersecurity experts and relevant authorities to verify the authenticity of these claims. Initial findings show that the alleged dataset does not match the data structure used within GCash systems. …
NPC probes alleged GCash data leak; firm says systems remain secure
The National Privacy Commission (NPC) has launched an investigation into the alleged data breach involving GCash operator G-Xchange Inc., which has denied such claims and maintained that its systems remain secure.
NPC probes alleged GCash data breach
MANILA, Philippines – The National Privacy Commission (NPC) has launched an investigation into an alleged data breach involving G-Xchange Incorporated, operator of mobile wallet GCash, after a dark web post surfaced on Sunday, October 26, claiming to sell user information. According to the NPC, the post by a user under the alias “Oversleep8351” allegedly offers GCash account numbers, merchant and user data, linked bank and virtual card details, …
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