NH Nonghyup Bank's Voice Phishing Compensation Insurance Tops 180,000 Enrollees
Expanding the Financial Fraud Compensation Safety Net for Older Adults
Anyone Aged 60 or Older Can Enroll
Enrollment Nears 200,000
NH Nonghyup Bank said on October 13 that the number of people enrolled in its Voice Phishing Compensation Insurance, which it is offering to help older adults affected by voice phishing, exceeded 180,000 as of the end of September. Given the continued growth, the bank expects enrollment to surpass 200,000 soon.
Park Jangsun (third from left), vice president of NH NongHyup Bank, and employees pose for a commemorative photo after supporting free enrollment in voice phishing compensation insurance at the Wonbuk-myeon Administrative Welfare Center in Taean County, South Chungcheong Province, last July. Photo by NH NongHyup Bank
View original imageThe Voice Phishing Compensation Insurance is designed to support the economic recovery of older adults who have suffered losses from financial fraud, including voice phishing. Anyone aged 60 or older anywhere in the country can enroll for free, with no separate insurance premium.
NH Nonghyup Bank is continuing to expand its efforts to promote the insurance and help people enroll, working with local communities through its branches nationwide. In particular, it is strengthening voice phishing prevention education and enrollment assistance at local events with high participation from older adults and farmers, including the Rural House Call Bus and farmers' park golf tournaments
.
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Park Jangsoon, vice president in charge of consumer protection at NH Nonghyup Bank, said, "The fact that more than 180,000 people have enrolled in the Voice Phishing Compensation Insurance is significant because it shows that a financial safety net for older adults is spreading across the country
. We will continue to work closely with our branches nationwide and local communities to help more people prepare for financial fraud
losses."
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