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G-Cash woes

Discussion in 'Banking - Investing - Finances' started by Dutchie, May 10, 2023.

  1. Dutchie

    Dutchie DI Senior Member Showcase Reviewer Veteran Army

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    Just a heads-up on G-Cash.
    Despite their denials this morning, G-Cash was hacked yesterday.
    Hackers succeeded in transferring 37M pesos from unsuspecting users to their own bank accounts, but they were discovered before it was too late to recover the funds involved.
    Reportedly victimized G-Cash customers were reimbursed.

    Conclusion: G-Cash might be handy in some circumstances, but their system is apparently not up to security standards. Best to not have a large balance in a G-cash account. The public denial regarding the hack is obviously an attempt to limit the impact of the fall-out from the event on their business.
     
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  2. Show Pony

    Show Pony DI Forum Patron Highly Rated Poster Showcase Reviewer

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    G Cash has been fine for me. Normally my balance is only a few pesos. When I need to use it I just go to 7-11 and top it up with whatever I need for my purchase.
    I really don't trust any online transactions.
     
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  3. kelpguy

    kelpguy DI Senior Member

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    i've been using gCash for a couple of years and i have NEVER used gCash when i didn't get the error msg, "something went wrong" however, happy to say, i've never lost any money there.
     
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  4. Notmyrealname

    Notmyrealname DI Forum Luminary Highly Rated Poster Showcase Reviewer

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    My wife says hers is 30 centavos - that's the housekeeping she gets from me.
     
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