Seoul, Korea – mukcheck.com is a not-for-profit online community creating awareness of scams, ponzis, toto and voice phishing in, but is not limited to, Korea. Opened in early January of 2020, the Mukcheck organization is rapidly building a community base and growing to safeguard the general public with a peace of mind when purchasing goods or service, or engaged in financial activities.
Recently, the community board has been filled with rampant scam reports involving voice phishing in niches such as investment, loans, toto and forex. Korea, a highly technologically advanced country, has historically been associated with the highest numbers of voice phishing cases per capita according to the studies by the NIS (National Intelligence Service Korea).
As expected, the Korean government took actions actively engaging in campaigns with the help from the media and law enforcements for strict restrictions on the retail banks since 2016, but there are no signs of any slowdowns in the near future. In 2020 the total loss caused by voice phishing and toto is over $600m. This is largely due to the aging population whom have little understandings of the schemes and the increasing sophistication of such schemes.
To safeguard yourself against voice phishing, scams, toto and pyramid schemes, the Mukcheck community recommends the followings to not be phished or scammed into a scheme.
1. Never respond to requests for financial transaction information.
One of the most common types of voice phishing is to ask about personal information leakage over the phone, account numbers, card information, and so on. You should never respond to a request to answer these questions. Please remember that even if you don’t transfer your money, your bank account password, card password, etc. should never be passed on to anyone else because your bank account can be used for a crime and involved in a case!
2. If they lure you to an ATM, that’s 100% voice phishing!
If they lure you to use a cash machine to pay for toto fines, return taxes or insurance premiums, you should never accept it. If a banker tells you to give a different answer to the purpose of withdrawing money, it is recommended that you suspect voice phishing and inform the bank clerk and the police.
3. If you know my information in advance, let’s make sure to check.
Voice phishing is often initiated when they find your name, address, contact number, account number, etc. In some cases, they even know about family relationships or acquaintances. You need to check how they know this information.
4. If they create an urgency or tell you to not hang up, it’s voice phishing!
Many of the voice phishing calls create an urgency and make victims psychologically nervous, saying never to hang up or that they must answer their calls. And if you’re being asked the same question over and over again at a very fast pace, you’d better think it’s 100% fake and hang up.