Social Affairs
Online financial frauds top 30,000 cases last year
Jan. 31, 2014
The number of online financial scams in South Korea surpassed 30,000 in the first 10 months of last year, as scamming methods become increasingly diversified and sophisticated, the police said Friday.Four online financial scams such as SMishing, pharming, instant messenger phishing and memory hacking reached 32,060 cases in the January-October period of last year, the police said.Among the above-cited online financial fraud methods, SMishing caused the most damage to financial consumers, reachin