SEOUL, Oct. 14 (Korea Bizwire) – For Kim, a 33-year-old office worker, the constant pinging of their smartphone has become a source of irritation. The culprit? An increasing flood of spam text messages that seem to arrive at all hours. “Given the nature of my work, I’m always on my phone,” Kim said. “Receiving multiple spam [...]
SEOUL, Nov. 21 (Korea Bizwire) — The Financial Supervisory Service (FSS), in collaboration with KB Kookmin Bank and Amazon Web Services, has developed an AI algorithm that can distinguish smishing. Smishing refers to a combination of SMS and phishing. It is a form of financial fraud where clicking on a certain web address sent via [...]
SEOUL, July 14 (Korea Bizwire) – A special service by a Korean credit card company enabling users to restrict overseas usage of their own credit card by themselves to prevent fraud is gaining popularity. According to BC Card, provider of the “Self On-Off” service, the number of users of the service increased from 5,302 in [...]
SEOUL, Oct. 23 (Korea Bizwire) – The number of smishing or SMS phishing has skyrocketed over the past three years, a whopping 210-fold increase during the period. In 2010, when a reported case of smishing first appeared, there was only one such case in the nation. In 2013, however, the number of the smartphone-based fraudulent [...]
SEOUL, Aug. 15 (Korea Bizwire) — Amid losses from smishing attacks and wire frauds keep rising even with the government’s continued efforts to fight them off, the financial authorities once again have rolled up their sleeves to eradicate the electronic financial fraud by implementing a comprehensive preventive measures. The Korea Financial Services Commission hosted on August 12, “Telecommunication [...]
SEOUL, July 23 (Korea Bizwire) – According to the Ministry of Science, ICT and Future Planning of Korea on July 20, it has mandated all Internet-delivered text messages to be marked with a “[Web Relayed]” sign and has implemented a “Prevention of Piracy of Numbers in Web-based Smishing” service for use by individuals. Web-relayed SMS have [...]
SEOUL, June 5 (Korea Bizwire) – SK Telecom said on June 4 that its All IP-based “T Phone” service has surpassed the 1 million subscriber number. Launched in February this year, the service combines voice and data available in ten different smartphone models such as the Samsung Galaxy Note 2 and 3, Samsung Note 3 [...]
SEOUL, May 23 (Korea Bizwire) – The Seoul Metropolitan Police Agency announced on May 21 that it had distributed free-of-charge “SClean,” an application which the agency developed would prevent instances smishing or SMS phishing. SClean is a compound word for “smishing” and “cleaner.” The application is designed to shut off the apps that have been [...]
SEOUL, Korea, April 21, 2014 (Korea Bizwire) – Cases of phone scams and smishing for text, designed to lure innocent people after the South Korea’s ferry disaster to log onto bogus news, have been rampant of late and the local authorities have come up with a series of measures to cope with the unprecedented crisis moments [...]
SEOUL, Korea, Mar 17, 2014 (Korea Bizwire) – Amid the massive leak of personal information from credit card companies and mobile telecom service providers recently, the cases of voice phishing originating from overseas are also on the rise. For two months in January and February this year alone, the number of phone calls blocked for [...]