Over one year, the number of cases in which the five major banks (KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup) imposed payment suspensions on accounts linked to financial crimes reached 150,000. Voice phishing damage is decreasing as the government tightens its response, but new types of financial crimes, including investment scams, continue unabated.
According to the financial sector on the 3rd, from May last year to the end of last month, the five major banks imposed a total of 149,176 payment suspensions on accounts following reports of financial fraud damage.
According to a government announcement last month, from October last year to April, over seven months, the number of voice phishing cases totaled 9,353, down 35.5% from 14,461 in the same period a year earlier.
However, as financial fraud using methods other than voice phishing increases, cases of banks suspending payments on accounts linked to scam crimes are surging.
From the start of this year to the end of last month, over five months, the number of payment suspensions totaled a little over 72,000, more than double the figure for the same period last year (32,683).
In response, the financial authorities last year distributed guidelines stating that, in addition to voice phishing, investment scams are also subject to the Act on the Refund of Communication Fraud Damage.