This illustration depicts a hacker using a laptop and a credit card for a cyber attack. At a meeting on Sunday, high-ranking officials from the ruling bloc acknowledged the urgency of intensifying efforts to combat voice phishing scams by the end of October. They also discussed plans to enhance collaboration with Interpol and Chinese state security authorities to target organized crime networks operating abroad. Additionally, they agreed to conduct inspections of messaging service providers to identify security vulnerabilities by the end of July. Furthermore, the authorities in President Yoon Suk Yeol's office, his administration, and the ruling People Power Party have plans to strengthen regulations related to identity verification when activating a smartphone or opening a bank account. For instance, bank accounts used for fraudulent activities will be subjected to a daily transfer limit of 300,000 won ($217). South Korea also aims to permit mobile carriers to access records of voice phishing scammers' calls with victims, aiding in the development of artificial intelligence technology to filter suspicious incoming calls. In response to the rising activities of voice phishing scammers and illegal loan sharks, the floor leader of the People Power Party emphasized the importance of government intervention to curb these crimes and support the victims. Additionally, officials committed to providing financial assistance to small restaurants to help cover the expenses of food delivery services and utilities.
This illustration depicts a hacker using a laptop and a credit card for a cyber attack. At a meeting on Sunday, high-ranking officials from the ruling bloc acknowledged the urgency of intensifying efforts to combat voice phishing scams by the end of October. They also discussed plans to enhance collaboration with Interpol and Chinese state security authorities to target organized crime networks operating abroad. Additionally, they agreed to conduct inspections of messaging service providers to identify security vulnerabilities by the end of July. Furthermore, the authorities in President Yoon Suk Yeol's office, his administration, and the ruling People Power Party have plans to strengthen regulations related to identity verification when activating a smartphone or opening a bank account. For instance, bank accounts used for fraudulent activities will be subjected to a daily transfer limit of 300,000 won ($217). South Korea also aims to permit mobile carriers to access records of voice phishing scammers' calls with victims, aiding in the development of artificial intelligence technology to filter suspicious incoming calls. In response to the rising activities of voice phishing scammers and illegal loan sharks, the floor leader of the People Power Party emphasized the importance of government intervention to curb these crimes and support the victims. Additionally, officials committed to providing financial assistance to small restaurants to help cover the expenses of food delivery services and utilities.