GCash: Accounts safe; still no proof of hacking

MANILA, Philippines -- The probe of the alleged data breach against popular e-wallet GCash continues to take place as cybersecurity group Deep Web Konek claimed that the amount of potentially compromised data might be even bigger than previously reported. The Ayala-led company said on Monday that no indication of hacking had been found yet, adding that accounts of GCash users have remained safe. Last week, Deep Web Konek reported that a cybersecurity attack was launched by threat actor KryptonZombie against the know-your-customer (KYC) system of GCash. READ: NBI arrests media outlet's data officer, 2 others for hacking gov't websites KYC is the process of verifying the account user's identity as a way to mitigate fraud, money laundering and other cybersecurity risks for financial institutions. This requires users to submit personal data like valid IDs and digital signatures, making t...