GSIS warns members against scammers | Inquirer Business

GSIS warns members against scammers

/ 08:12 AM February 20, 2023

As members of the Government Service Insurance System (GSIS) are taking to digital platforms, the state pension fund warns public to beware of online scams, particularly by fraudsters posing as its employees or representatives over the phone or the internet.

“GSIS will never ask for our members’ and pensioners’ banking or e-wallet information. We strongly advise our members and pensioners against giving away personal information that would compromise not only their accounts but also their safety,” GSIS president and general manager Wick Veloso said in a statement.

Veloso said that as digitalization advances, scammers become more sophisticated in using social engineering to fool people into revealing their financial account information.


By pretending to be a GSIS representative, they would trick members and pensioners into divulging their confidential information such as, but not limited to, their date of birth; one-time password (OTP); card verification value (CVV); personal identification number (PIN), and other unique information about their online banking accounts.


“Our members, pensioners, and stakeholders must protect their sensitive personal data in order to prevent their hard-earned money from being stolen by these scammers,” Veloso said.

The GSIS chief’s warning comes amid rising incidences of cybercrime in the country in recent years.

“We urge them to immediately report to GSIS any suspicious activity or unscrupulous individual posing as a GSIS employee,” he added. INQ

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TAGS: GSIS, scammers, warning

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