Sophisticated Vishing Campaigns are Rising Exponentially Worldwide

Voice phishing, also known as vishing, is popular right now, with multiple active campaigns throughout the world ensnaring even savvy victims who appear to know better, defrauding them of millions of dollars.

South Korea is one of the global regions hardest hit by the attack vector; in fact, a fraud in August 2022 resulted in the largest amount ever stolen in a single phishing case in the country. This transpired when a doctor sent 4.1 billion won, or $3 million, in cash, insurance, stocks, and cryptocurrency to criminals, showing how much financial harm one vishing scam can inflict.

According to Sojun Ryu, lead of the Threat Analysis Team at South Korean cybersecurity firm S2W Inc., sophisticated social engineering strategies used in recent frauds involve imitating region law enforcement officers, giving individuals a false sense of authority.

Ryu will present a session on the topic, “Voice Phishing Syndicates Unmasked: An In-Depth Investigation and Exposure,” at the upcoming Black Hat Asia 2024 conference in Singapore.

Vishing attempts in South Korea, in particular, take advan

[…]
Content was cut in order to protect the source.Please visit the source for the rest of the article.

This article has been indexed from CySecurity News – Latest Information Security and Hacking Incidents