Text scams exploiting coronavirus fears see sharp rise in South Korea

What just happened? After killing nearly 2,000 people, the novel coronavirus has much of the world concerned, and that’s led to scammers exploiting people’s fears. The problem is especially bad in South Korea, which has seen a huge rise in scam text messages, known as smishing, that use false information about the virus.

In a joint statement (via ZDNet) from South Korea’s Ministry of Science and ICT, police, and financial regulator, it’s revealed that as of February 15, 9,688 smishing texts had been sent containing misinformation about the novel coronavirus.

The texts usually claim to provide free masks or falsely claim to be from companies that have experienced delays in deliveries due to the virus. These messages aim to extract the recipients’ private information. There were also 165 phone calls from fake numbers, claiming to be from health authorities trying to scam people out of money and information.

One scammer rang a restaurant claiming they had the novel coronavirus and had recently eaten at the establishment. The person demanded money or they would inform the authorities.

This isn’t the first time that scammers have used coronavirus fears to their advantage. We recently heard of a campaign that spreads malware via emails claiming to offer information on how to protect against the virus.

Text scams exploiting coronavirus fears see sharp rise in South Korea 1

From the canceling of MWC, to delayed products, to a predicted fall in smartphone shipments and Nvidia’s earnings, the tech industry is being disrupted by the novel coronavirus and the protective measures that have been implemented.

There’s a lot of misinformation about the novel coronavirus. But if you’re worried about packages sent from China carrying the virus, you’ve got little to fear. You can also check out this map, which tracks cases, deaths, and recoveries.

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Crypto Scams

Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
April 23, 2022
Prove
Joon Pak Head of Crypto at Prove talks to Us about Crypto Fraud And More
April 11, 2022
Mintable
Mintable CEO Zach Burks Talks to Us about the Opensea Stolen NFTs and Their Recovery
March 21, 2022
Crypto Crime
Crypto Crime Surges To Record Highs As Thieves Follow Market Buzz – Chainalysis 2022 Report
February 24, 2022
Bots Circumvent 2FA Login At Coinbase And Other Crypto Exchanges In 2022
Bots Have Circumvented 2FA Logins At Coinbase And Other Crypto Exchanges In 2022
February 17, 2022

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

Russia
Roundtable Interview-What is the Effect of The Russia-Ukraine War on Cryptocurrency Prices?
March 4, 2022
GamStop
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
Cryptocurrency
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
Ethereum
The Unconventional Guide to Ethereum
October 28, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin29,804 0.02 % 0.71 % 2.29 %
Ethereum1,963.9 0.21 % 0.92 % 6.27 %
Tether1.000 0.01 % 0.02 % 0.04 %
BNB328.36 0.04 % 0.04 % 7.12 %
USD Coin0.9989 0.16 % 0.08 % 0.04 %
XRP0.4071 0.36 % 0.53 % 7.30 %
Binance USD0.9996 0.00 % 0.11 % 0.18 %
Cardano0.9566 0.22 % 0.68 % 6.96 %
Solana48.52 0.15 % 2.01 % 15.50 %
Polkadot9.980 0.29 % 1.82 % 9.76 %

bitcoin
Bitcoin (BTC) $ 29,833.00
ethereum
Ethereum (ETH) $ 1,968.39
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 329.15
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.4084
binance-usd
Binance USD (BUSD) $ 1.00
cardano
Cardano (ADA) $ 0.518118
solana
Solana (SOL) $ 48.76
dogecoin
Dogecoin (DOGE) $ 0.084139