SEOUL, Oct. 30 (Korea Bizwire) — Contrary to popular belief, young people were found to have fallen prey to voice phishing scams more than senior citizens, data showed Tuesday. According to the data from the Financial Supervisory Service (FSS), those in their 20s and 30s lost 42.5 billion won (US$37.26 million) from this kind of [...]
SEOUL, Mar. 21 (Korea Bizwire) — Nearly 1 in 5 South Koreans has suffered from financial fraud or nearly fallen prey to financial scams, a poll showed Wednesday. According to the survey of 2,530 people, 2.6 percent of the respondents said they had fallen victim to voice phishing, Ponzi schemes and other financial scams at [...]
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 [...]
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 [...]
SEOUL, Jan.25 (Korea Bizwire) – ‘A’, a woman in her 20s, confessed to living the life of a voice phishing caller. After graduating from university, ‘A’ tried everything to land a job, but couldn’t get employed in the depressed economy. It was then that she was tempted to accept a voice phishing caller job. The [...]
SEOUL, Oct. 15 (Korea Bizwire) – Two teenage students who studied abroad in China were caught after they were involved in a voice phishing crime in which they attempted to steal money from the elderly. According to law enforcement officials, Koo (aged 19) and his friend broke into an elderly woman’s house and stole 17,460,000 [...]
Seoul, July 13 (Korea Bizwire) – Who do you think are the main victims of voice phishing? You would be very wrong if you thought the elderly were most susceptible to being deceived. The younger demographic tend to be the main targets of tele-financial fraud, if anything, and they also tend to be the offenders. [...]
SEOUL, Feb. 2 (Korea Bizwire) – In the smart banking age, where a couple of screen touches can send money or allow you to check financial balances, bank accounts with no Internet access are attracting subscribers who want a place to keep secret money out of reach of their spouses. According to sources in the [...]
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 [...]