Shinhyup Prevented Voice Phishing Last Year, Protecting Assets Worth 8.4 Billion KRW

[Asia Economy Reporter Kim Min-young] The National Credit Union Federation of Korea (NACUFOK) announced on the 17th that it prevented 8.4 billion KRW in damages from voice phishing scams last year.

This follows the 5.2 billion KRW prevented the previous year, protecting a total of 13.6 billion KRW in assets of ordinary citizens over two years.

NACUFOK recorded prevention results of 734 cases and 4.94 billion KRW through continuous monitoring of the credit union network, while 96 credit unions nationwide reported 123 cases and 3.45 billion KRW in prevention results.

By type, there were 76 cases of impersonation scams such as prosecutors, 40 cases related to loans including refinancing, and 7 cases involving threats such as child kidnapping. By region, Gyeonggi had the highest number with 23 cases, followed by Busan with 15, Seoul with 14, Chungbuk with 13, Incheon with 11, Gyeongbuk with 9, Gwangju with 8, Jeonbuk with 6, Daejeon with 5, Daegu with 5, Jeonnam with 5, Chungnam with 4, Gangwon with 3, and Gyeongnam with 2 cases prevented.

In recognition of these efforts to prevent financial fraud, Lee Byung-moo, head of the Financial Consumer Protection Team at NACUFOK, received a commendation from the Financial Supervisory Service in December last year, and six outstanding employees from credit unions nationwide were awarded certificates of appreciation. Additionally, 114 executives and employees received certificates of appreciation from the police for their contribution to arresting 29 cash withdrawal agents involved in voice phishing over the year.

This content was produced with the assistance of AI translation services.