South Korean voice phishing damages fall for 7th straight month

Voice phishing incidents and damages in South Korea have declined for seven consecutive months following the implementation of a comprehensive government initiative last year, Electronic Times Internet reported. According to the government, the number of incidents dropped by 35.3% year-over-year to 9,353 between October last year and April this year. The total financial damage over the same period also fell by 35.3% to 493.6 billion won ($358.4 million). Additionally, authorities plan to begin blocking virtual asset accounts used in criminal activities starting this October, following recent amendments to relevant laws.