MANILA -GCash, the popular digital payments app of Globe Telecom Inc., foiled attempts by suspected hackers to siphon off millions of pesos from its clients after the company detected a pattern of relatively small withdrawals from multiple users sent to only two recipient accounts at another bank late Monday night. The aggregate amount of suspicious transactions was initially estimated at P37 million, sourced from GCash users worth a few thousand pesos each. 'This was averted by GCash which immediately put a hold order on the transfers once the pattern was detected,' a ranking Globe official told the Inquirer, requesting anonymity because an internal probe is still ongoing as of press time.

https://business.inquirer.net/400030/gcash-foils-p37-m-hack-try-seized-funds-to-be-returned-to-users

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