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GCash says users selling SIM with verified account to scammers may face jail time

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ABS-CBN News

<p>MANILA - GCash said on Tuesday users who sell their accounts to scammers may face jail time.</p><p>These accounts are considered money mules when used by fraudsters to amass large sums of money while keeping their identity secrets, the telco said in a statement. </p><p>Persons whose identities were used in scams also face jail time if it’s proven that these individuals voluntarily sold their accounts, said Ingrid Beroña, Chief Risk Officer of GCash. <br/> <br/>“That’s why we strongly urge our customers to never sell their GCash accounts to avoid identity theft and get their name linked to fraudulent activities without their knowledge,&quot; she added.</p><p>GCash said there were reports that fraudsters visit impoverished areas to offer individuals P150 to P500 for GCash-registered mobile number using their identities.</p><p>The buyers then sell the SIM cards to scammers, it added. <br/> <br/>Telco operators, law enforcement authorities, the central bank as well as banks are working together to curb the continued proliferation of SMS-linked spam messages. <br/> <br/>GCash said it has helped arrest 6 sellers of verified wallets with 741 SIMs confiscated.</p><p>Globe Telecom earlier said it blocked 32.2 million text messages with clickable link in just a 2 weeks.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/09/13/22/ntc-orders-telcos-to-deactivate-clickable-links-in-malicious-texts">NTC orders telcos to deactivate clickable URLs, links in malicious texts</a></li>	<li><a href="https://news.abs-cbn.com/business/09/30/22/globe-blocks-sms-with-clickable-links-to-beat-scammers">Globe blocks SMS with clickable links to beat scammers</a></li>	<li><a href="https://news.abs-cbn.com/business/10/24/22/globe-blocks-322-million-texts-with-clickable-links-in-2-weeks">Globe blocks 32.2-M SMS with clickable links in just 2 weeks</a></li></ul><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=2217952" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

GCash said on Tuesday users who sell their accounts to scammers may face jail time. 