Concerns Over Smishing Scams Impersonating Financial Institutions After NIRS Fire... Consumer Alert Issued at 'Caution' Level
"Do Not Click on URLs," Authorities Warn
On September 30, financial authorities announced that they have issued a consumer alert at the "caution" level due to concerns over potential smishing (SMS payment scams) exploiting administrative system disruptions caused by the fire at the National Information Resources Service (NIRS).
The Financial Services Commission and the Financial Supervisory Service stated on September 30, "Never click on internet links (URLs) in text messages claiming to be from financial companies," warning that accessing such links could lead to personal information leaks and financial losses.
They further emphasized, "Financial institutions do not provide financial application installation files or request information to be entered on temporary websites through text message URLs."
The authorities stressed that applications should only be downloaded through official app markets such as Google Play and the Apple App Store. They also advised never to comply with requests to install apps sent by unidentified individuals.
Possible Smishing Examples Related to the Fire at the National Information Resources Service
View original imageThe authorities advised consumers not to respond to requests for identity verification. They explained that customers using the Android operating system should enable automatic security threat blocking features on their phones.
They also recommended actively using safe blocking services and identity theft prevention services to prevent financial damage.
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A representative from the Financial Services Commission stated, "Going forward, the financial authorities will strengthen monitoring of new smishing attempts related to the NIRS fire," adding, "If a large number of damage cases occur, we will promptly upgrade the consumer alert (to warning or danger levels) to ensure a swift response."
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