Guro Police Station and Financial Institutions Collaborate to Reduce Phone Financial Fraud Losses by 50%

The amount of damage caused by telephone financial fraud in the Guro area last year decreased by more than half compared to the previous year. Through collaboration with financial institutions, crimes of the 'face-to-face extortion type' have significantly declined.

Participants of the 'Guro Police Station-Financial Institutions Meeting' held on the 27th are taking a commemorative photo. Photo by Guro Police Station

On the 29th, the Guro Police Station announced at the 'Guro Police Station-Financial Institutions Meeting' held on the 27th to prevent telephone financial fraud damage that the number of telephone financial fraud cases last year decreased by 87 cases (25.4%) compared to the previous year, and the damage amount decreased by 5.8 billion KRW (51.1%). In the first quarter of this year, the number of telephone financial fraud cases also decreased by 13 cases (20.3%) and the damage amount decreased by 980 million KRW (57.6%) compared to the same period last year.

The police stated that crimes involving face-to-face extortion, where cash is directly withdrawn and handed over, have significantly decreased. In the first quarter of this year, face-to-face extortion crimes decreased by 60.9% compared to the same period last year. This is because the 'Police-Financial Institutions 112 Report Activation Plan' was implemented, which requires immediate reporting to 112 when withdrawing large amounts of cash exceeding 10 million KRW at financial institutions. The police analyzed that they prevented damage worth approximately 215 million KRW in 7 cases in this year alone (as of June).

The meeting was attended by the head of the investigation department and regional station chiefs of the Guro Police Station, along with branch managers from 32 financial institutions. Various cooperation measures to prevent telephone financial fraud, including establishing a hotline between the police and financial institutions, were discussed.

The police explained the status of telephone financial fraud occurrences and damage prevention cases in the first half of this year and urged the public to report not only through the 112 emergency call but also via emergency bells or 112 text reports using various methods.

In particular, when financial institutions report to 112 via landline and police officers respond to check the situation on-site, the call is often automatically transferred to a call center, causing delays. To ensure prompt response, the police requested that reports be made via direct phone lines or mobile phones.

Kim Han-cheol, chief of the Guro Police Station, stated, "To prevent telephone financial fraud, which has recently evolved cunningly, joint response through cooperation with financial institutions in the region is most important," and added, "We ask all financial institutions in the jurisdiction to actively cooperate to protect the valuable property of citizens."

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