“Spam messages saying that investment information is provided, about 1.54 million cases in the past 4Q”

“You shouldn’t click on the Internet URL address in the text.”

A smishing text message related to stocks and investments./Photo courtesy of Huhu & Company

Spam messages that share unsubstantial investment information or expropriate usage fees in the name of stock stock recommendations are on the rise.

According to Huhu & Company on the 24th, out of 6.71 million spam reports in the fourth quarter of last year,’stocks and investment’-related types accounted for about 1.54 million, or 23%. This is a method of sharing unsubstantial investment information such as power stocks and operational stocks, or extorting usage fees in the name of stock stock recommendations. The number of reports of this type increased by 62% compared to the same period last year.

The number one report type was’loan solicitation’ spam, with 1.82 million cases reported during the same period. This is an increase of 660,000 cases compared to the same period of the previous year, and since the quarterly spam statistics were released, the number of reports of the same type was updated. An official of Huhu & Company explained, “It seems that the third financial sector and illegal lending business operations have been rampant due to the suspension of bank loans in the fourth quarter of last year.”

/Photo courtesy = Whoo & Company

Heo Tae-beom, CEO of Huhu & Company, said, “Unlike illegal games and gambling, spam related to stocks and loans requires thorough attention as it can pretend to be an institutional financial institution. If in doubt, you need to install the Whoo app to check whether smishing.”

/ Reporter Oh Ji-hyun [email protected]

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