HuHu&Company Collaborates with Daegu Police Agency to Prevent Phone Financial Fraud

Heo Taebeom, CEO of WhoWho & Company (left), and Song Minheon, Chief of Daegu Metropolitan Police Agency, are posing for a commemorative photo after signing an MOU.

[Asia Economy Reporter Kim Heung-soon] Huhoo & Company, a subsidiary of KT CS, announced on the 24th that it has signed a business agreement with the Daegu Metropolitan Police Agency to prevent telephone financial fraud damage.

Huhoo & Company plans to actively cooperate in preventing telephone financial fraud and apprehending criminals by providing crime suspicion information detected through the 'Huhoo' application to the Daegu Metropolitan Police Agency.

In addition, 3,500 public phone numbers of the Daegu Metropolitan Police Agency will be registered as safe numbers in the Huhoo app, allowing app users to safely receive calls from the police. There are plans to expand this to police agencies nationwide in the future.

According to statistics released by the National Police Agency, the number of telephone financial fraud cases increased to 24,259 in 2017, 34,132 in 2018, and 37,667 in 2019, with damages amounting to 247 billion KRW, 404 billion KRW, and 639.6 billion KRW respectively. Although public awareness of voice phishing and smishing has increased, damages continue to rise due to increasingly sophisticated new methods.

Huhoo & Company and the Daegu Police Agency also plan to develop a mobile app that blocks harmful sites such as illegal gambling sites to promote the sound service life of conscripted police officers and social service agents.

Heo Tae-beom, CEO of Huhoo & Company, said, "Through this business agreement, we will support the public to have a safe and worry-free communication and financial life without telephone financial fraud damage."

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