Four arrested trying to swindle money from bank customers

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Four arrested trying to swindle money from bank customers

The police said yesterday they had arrested four people who allegedly swindled about 37 million won through so-called “voice phishing,” or making fraudulent phone calls to ordinary consumers by using their personal information that was illegally taken from financial institutions.

The case marked the second wave of damage resulting from a data leak at Citibank last year.

According to the police, one of the arrested, surnamed Lee, called 10 consumers who were getting loans with a more than 10 percent interest rate and cheated them by promising to convert the high interest loans to lower interest ones.

Lee had information on about 1,900 financial consumers from Citibank. Meanwhile, the police decided to expand their investigation to other possible secondary damages of the information spill.