Saturday, Nov 25, 2023
English News
  • Hyderabad
  • Telangana
  • AP News
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • Rewind
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Education Today
    • Reviews
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Tech | S Korea To Clamp Down On Cryptocurrency Phishing Activity

S Korea to clamp down on cryptocurrency phishing activity

The ICT ministry said there have recently been increasing reports of phishing attempts via text messages that lead cryptocurrency users to enter their exchange IDs and passwords on fake websites to steal them and access their accounts.

By IANS
Updated On - 01:34 PM, Sun - 9 May 21
S Korea to clamp down on cryptocurrency phishing activity
Representational Image
whatsapp facebook twitter telegram

Seoul: South Korea said on Sunday it will strengthen its monitoring system against cryptocurrency-related phishing websites by working with the National Police Agency amid recent surges in prices of virtual money.

The ICT ministry said there have recently been increasing reports of phishing attempts via text messages that lead cryptocurrency users to enter their exchange IDs and passwords on fake websites to steal them and access their accounts.


The ministry said it found and blocked 32 such phishing websites in the past three months, compared with a total of 41 websites detected in the whole of last year, reports Yonhap news agency.

Examples of such websites include www.bithnub.com, compared with the address of local cryptocurrency exchange Bithumb — www.bithumb.com.

The ministry said it will strengthen its 24-hour monitoring system to swiftly block such phishing websites.

The National Police Agency has also been conducting a crackdown on phishing websites since the start of March this year.

As of May 4, the police were investigating 21 cases, in which individuals accessed other cryptocurrency users’ accounts and sold their assets.

Major cryptocurrency Bitcoin topped $72,000 per unit in South Korea for the first time in mid-April. The virtual currency has since fallen, trading at around 67 million won on Friday, according to Bithumb.

Amid rising prices, South Korean financial authorities are also cracking down on illegal activities involving cryptocurrencies, such as money laundering, until June.

  • Follow Us :
  • Tags
  • cryptocurrency
  • National Police Agency
  • Seoul
  • South Korea

Related News

  • South Korea, US sign revised ‘tailored deterrence strategy’ to counter North Korea’s missile threats

    South Korea, US sign revised ‘tailored deterrence strategy’ to counter North Korea’s missile threats

  • Robot crushes man to death confusing him to be ‘box of vegetables’

    Robot crushes man to death confusing him to be ‘box of vegetables’

  • Editorial: Crypto here to stay

    Editorial: Crypto here to stay

  • Protesters in several countries demonstrate over Israeli airstrikes

    Protesters in several countries demonstrate over Israeli airstrikes

  • Operation Chankra-2: CBI conducts searches at 76 locations in country against cyber criminals

    Operation Chankra-2: CBI conducts searches at 76 locations in country against cyber criminals

  • Over 1,000 Himachal cops fell victim to cryptocurrency fraud, some quit jobs to promote it

    Over 1,000 Himachal cops fell victim to cryptocurrency fraud, some quit jobs to promote it

Latest News

  • ‘Napoleon’: Nuanced portrayal of the French emperor’s rise, love, and fall

    2 mins ago
  • Rajasthan Assembly Elections 2023: Focus On Key Constituencies Sardarpura, Tonk, Jhalrapatan, Churu

    19 mins ago
  • Liberal media more opposed to AI than conservative media, finds research

    20 mins ago
  • Deepu, Ramya Behara’s track ‘Kalige Nee Pai Preme’ epitomises young romance

    32 mins ago
  • Visakhapatnam: Careless cigarette disposal sparks harbour blaze, says police

    35 mins ago
  • 11 killed in fire in Karachi shopping mall

    52 mins ago
  • Rajasthan elections: Polling agent dies of suspected cardiac arrest

    1 hour ago
  • PM Modi’s enriching Tejas fighter jet sortie

    1 hour ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam