fraud Archives | Be Korea-savvy
DoubleVerify and InMobi Unite to Combat Mobile App Fraud

DoubleVerify and InMobi Unite to Combat Mobile App Fraud

NEW YORK, Dec. 11 (Korea Bizwire) — DoubleVerify (“DV”), the leading independent provider of marketing measurement software and analytics, today announced a partnership with InMobi, a global provider of enterprise platforms for marketers. As part of the partnership, DoubleVerify will provide always-on fraud filtering and measurement for mobile in-app advertising campaigns across the InMobi Exchange [...]

Acapture, Sift Science to Bring Merchants World-Class Fraud Products

Acapture, Sift Science to Bring Merchants World-Class Fraud Products

AMSTERDAM, The Netherlands, Apr. 4 (Korea Bizwire) — Acapture, a global, omnichannel payment processor has partnered with Sift Science, a machine learning company that protects businesses from fraud and abuse. Using the smartest technology for fraud management in their joint effort to make online experiences smoother and safer, the two companies form a powerhouse for [...]

Cybercrime Threats Grow with Pokémon GO Frenzy

Cybercrime Threats Grow with Pokémon GO Frenzy

SEOUL, Feb. 7 (Korea Bizwire) – Last month’s Korean launch of Niantic’s Pokémon GO has put law enforcement agencies on high alert, mainly against trespassing and Pokémon GO driving, and officials are now advising players to also take heed against cybercrimes.  According to the Korean National Police Agency, extra apps that can help players to [...]

Black Friday Hype Leads to Counterfeit Canada Goose Victims

Black Friday Hype Leads to Counterfeit Canada Goose Victims

SEOUL, Nov. 25 (Korea Bizwire) – As in America, Black Friday hype is also sweeping the Korean peninsula with local consumers looking for the best deals and discounts. But at the same time, the hype has bred victims of fraudulent activity, sounding a note of caution reminding consumers to be cautious with their purchase decisions.  [...]

Government Teams up with Radio Station to Fight Voice Phishing

Government Teams up with Radio Station to Fight Voice Phishing

SEOUL, Oct. 7 (Korea Bizwire) – The Financial Supervisory Service joined forces with YTN FM Radio on Friday in an effort to fight voice phishing crimes, which have grown rampant in Korea over the past decade.  In accordance with the agreement, YTN will air radio campaigns using voices of actual criminals to maximize the FSS’s [...]

Korea Implements ‘Paparazzi Policy’ to Reduce Financial Malpractice

Korea Implements ‘Paparazzi Policy’ to Reduce Financial Malpractice

SEOUL, June 22 (Korea Bizwire) – Korea’s Financial Supervisory Service (FSS) revealed Tuesday that it has decided to implement a ‘Paparazzi Policy for Financial Malpractice’, through which informants can receive up to 10 million won ($8,600) in rewards. The policy will be operated until year’s end in order to dissuade unlawful financial activities, and encourage [...]

Watchdog Finds 1.5 Trillion Won in Accounting Fraud in Daewoo Shipbuilding

Watchdog Finds 1.5 Trillion Won in Accounting Fraud in Daewoo Shipbuilding

SEOUL, June 15 (Korea Bizwire) – South Korea’s state audit agency said Wednesday it has detected accounting fraud worth 1.5 trillion won (US$1.27 billion) at Daewoo Shipbuilding & Marine Engineering Co., adding that its main creditor also failed to provide appropriate surveillance and management of the firm.  South Korea’s Board of Audit and Inspection (BAI) [...]

‘Black Money’ Scam Artist Arrested in Seoul

‘Black Money’ Scam Artist Arrested in Seoul

SEOUL, June 10 (Korea Bizwire) – A ‘black money’ con artist from Liberia has been arrested for embezzling 1.2 billion won ($1 million) from multiple victims across Seoul. A black money scam is one in which con artists fraudulently obtain money from a victim by persuading them that piles of banknote-sized paper are actual money dyed [...]