NongHyup Employee Prevents 160 Million Won Voice Phishing Scam Loss

NongHyup Mutual Finance Collaborates with Hyeongok NongHyup to Arrest Voice Phishing Money Mules
Awarded Commendation and Cash Prize for Contribution to Damage Prevention

Gyeongju Police Station is taking a commemorative photo after presenting certificates of commendation and rewards to the employees of Hyeongok Nonghyup who contributed to the arrest of a voice phishing remittance agent at the Hyeongok Nonghyup headquarters in Gyeongju on the 20th.

[Sejong=Asia Economy Reporter Kim Hyunjung] Nonghyup Mutual Finance announced on the 20th that an employee of Hyeongok Nonghyup Shingeumjang Branch in Gyeongju, Gyeongbuk, and an employee of the Consumer Protection Department of Nonghyup Central Association received a commendation and a reward from the Gyeongju Police Station for their contribution to preventing telephone financial fraud damage.

Employee A of Nonghyup Central Association identified suspicious transactions continuing at the ATM of Hyeongok Nonghyup branch during telecommunication financial fraud monitoring on the 4th, and through employee B of Shingeumjang Branch, inquired about the reason for the transaction from C, the remittance agent who was making deposit transactions on site.

When C failed to present a clear reason for the transaction and spoke incoherently, A, suspecting something suspicious, requested B to report to the police, and remittance agent C was caught on site by detectives from the Gyeongju Police Station who responded to the report.

According to the police investigation, C was in the process of remitting about 19 million won in cash received from the victim under the instructions of a voice phishing organization using another person's name, and the confirmed scale of damage prevention was revealed to be at least 160 million won.

Lee Jaesik, CEO of Mutual Finance, said, "Voice phishing methods are becoming increasingly bold and sophisticated," and added, "The Central Association, agricultural and livestock cooperatives, and related organizations will continue to do their best to protect the valuable financial assets of customers."

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