Caught in Mokcam Phishing and Investment Fraud! ... Gyeongnam Police Agency Arrests 242 Suspects in 908 Malicious Fraud Cases

Gyeongnam Provincial Police Agency. / Photo by Se-ryeong Lee ryeong@

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Seryeong] The Gyeongnam Provincial Police Agency announced on the 19th that it identified 908 cases of malicious fraud crimes and arrested 242 suspects from August 16 to September 16.

7 Major Malicious Frauds.
[Image Source=Gyeongnam Police Agency]

The provincial police agency explained that from August 16 until the end of this year, it has established a comprehensive plan to eradicate malicious fraud crimes in 2022 and has focused on cracking down on cyber financial crimes such as cyber fraud, messenger phishing, smishing, pharming, and body-cam phishing, which have been on the rise recently.

According to the provincial police agency, the Gyeongnam Police Agency tracked a man in his 30s, who was the fund manager of a body-cam phishing organization that laundered approximately 187 million KRW obtained through crimes such as body-cam phishing and remitted the money to China, and sent him to the prosecution in custody on the 1st.

The Cyber Investigation Team of Yangsan Police Station arrested 12 members of an investment fraud group who, from February to the end of March, created fake investment sites such as gift options and swindled 1.5 billion KRW from 27 unspecified victims under the pretense of generating profits. Among them, seven were detained and handed over to the prosecution on August 18.

Three members of the group are also accused of deceiving 53 people by pretending to sell goods on an online secondhand trading site around May this year and embezzling 53 million KRW.

The Cyber Investigation Team of Haman Police Station arrested a man in his 20s who, around June this year, approached elderly people claiming to help issue disaster relief cards, took their mobile phones, installed electronic financial service apps, and siphoned money from the victims' bank accounts to his own account.

The man mainly targeted elderly victims and was sent to prosecution in custody on the 14th on charges of embezzling a total of 7.03 million KRW from three people.

Number of Cyber Fraud and Financial Crime Cases in Gyeongnam Region Over the Past 5 Years.
[Image Source=Gyeongnam Police Agency]

A representative of the provincial police agency said, “With the development of telecommunications and the internet, the acceleration of non-face-to-face trends due to the COVID-19 pandemic, and the economic downturn, cybercrime occurrences are gradually increasing.”

Precautionary Measures Against Cyber Fraud by Crime Type.
[Image Source=Gyeongnam Police Agency]

He added, “To prevent damage from malicious cyber fraud, it is most important to be familiar with preventive measures specific to each type of crime,” emphasizing, “To prevent damage from malicious cyber fraud, it is most important to be familiar with preventive measures specific to each type of crime.”

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