Woori Bank is expanding its collaboration with police to enhance its financial fraud prevention system. The bank plans to focus on sharing information about financial fraud and establishing an immediate cooperation system to prevent voice phishing incidents.
On July 12, Woori Bank announced that it has signed a memorandum of understanding (MOU) with the Gangbuk Police Station to prevent telecommunications financial fraud, including voice phishing.
This agreement follows the establishment of a cooperation system with the Jungbu Police Station earlier this year. The bank aims to gradually expand its regional cooperation model with police across the country to build a comprehensive financial fraud prevention network.
The two organizations will collaborate in various areas, including sharing the latest financial fraud methods and victim cases, conducting joint prevention activities, and operating tailored educational programs. This partnership aims to strengthen the financial fraud prevention network and focus on protecting customers from potential losses.
In particular, a dedicated communication system will be established to ensure immediate communication and initial response when financial fraud, such as voice phishing, is suspected. This close cooperation is expected to help block the withdrawal of fraudulent funds and minimize additional damage, allowing for swift protection of victims.
This MOU is the first external cooperation project led by Jeon Jae-hong, Woori Bank's Chief Financial Fraud Prevention Officer, who is the first police officer to be recruited in the banking sector.
Jeon stated, "The speed of initial response determines the scale of damage in financial fraud, making an organic cooperation system between police and financial institutions crucial. We will strive to establish a nationwide cooperation system to protect our customers' valuable assets."
* This article has been translated by AI.
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