Vishing Campaigns Sweep the Globe with Their Sophistication

TLDR:

• Vishing scams are on the rise globally, with South Korea being hit particularly hard.
• Scammers are using sophisticated social engineering tactics, impersonating law enforcement officials, to deceive victims.

One South Korean victim lost $3 million to vishing scammers in one of the largest single vishing cases in the country. The scammers use psychological manipulation and technology, such as call-forwarding, to deceive victims into believing they are speaking with legitimate authorities. These scams are not only prevalent in South Korea but are also being reported globally. Vishing operators are utilizing sophisticated tools like SIM Box devices and vishing apps to carry out these attacks, making it crucial for individuals to remain vigilant and educate themselves on the common characteristics of these scams to avoid falling victim to them.