Victims of voice phishing can get most of their money back

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Victims of voice phishing can get most of their money back

If a consumer falls victim to a voice phishing scam, they will be able to get back at least 76 percent of their stolen money if they suspend their payment service within 10 minutes of the incident, the Financial Supervisory Service said on Monday.

The first thing that victims must do after falling victim to a scam is to put their bank accounts on hold, the watchdog said. The faster the account is halted, the higher the possibility that the money will not be transferred to the perpetrators.

The FSS analyzed cases of voice phishing that have been reported in the past two months and found that when the accounts were suspended within 10 minutes of the phishing calls, they were able to return 76 percent of the money to the victim.

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