Hana Bank Supports Free Enrollment in Cyber Financial Crime Compensation Insurance for Small Business Owners
[Asia Economy Reporter Kiho Sung] Hana Bank announced on the 31st that it will implement the 'Small Business Owners Cyber Financial Crime Damage Compensation Insurance Free Enrollment Support Service' to support the healthy growth of small business owners struggling due to the prolonged COVID-19 pandemic.
The 'Cyber Financial Crime Damage Compensation Insurance Free Enrollment Support Service' conducted by Hana Bank is part of the financial consumer protection enhancement policy announced in August as part of the 'Small Business Owners Partnership Campaign.' Its purpose is to protect small business owners who may suffer damage from loan scams disguised as financial support such as the recent national disaster relief funds.
The eligible recipients for the free enrollment support of the small business owners' cyber financial crime damage compensation insurance are approximately 130,000 people who received ▲1st and 2nd phase small business financial support loans ▲COVID-19 special guarantee loans from Hana Bank from January last year to last month. Eligible recipients will be notified of their selection through individual text messages (LMS) and Kakao AlimTalk.
Those who wish to enroll can sign up for Hana Insurance's damage compensation insurance via mobile until the end of this year. During the enrollment period, if they suffer damage from cyber financial crimes such as ▲phishing ▲pharming ▲smishing ▲memory hacking, they can receive full compensation for the damage amount up to a maximum limit of 5 million KRW. The enrollment period is one year, and the insurance premium will be fully supported by Hana Bank.
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A Hana Bank official stated, “We have implemented this service to prevent financial fraud that exploits the difficult situation of small business owners and to allow them to focus on overcoming COVID-19,” adding, “Through the ‘Small Business Owners Partnership Campaign,’ including this service, we will support the healthy growth of local small business owners and practice sincere ESG management.”
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