Gwangju Bank Introduces Integrated AI FDS to Prevent Voice Phishing

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Gwangju Bank (President Song Jong-wook) announced on the 3rd that it has established and is operating an ‘Integrated AI FDS’ system combining artificial intelligence models to efficiently prevent increasingly sophisticated voice phishing financial fraud.

The ‘FDS (Fraud Detection System)’ is a system that comprehensively analyzes terminal information, access information, transaction details, etc. used in electronic financial transactions to detect suspicious transactions and block abnormal financial transactions. It organically responds to new fraud methods such as voice phishing and mule accounts, capturing and blocking financial transactions that differ from users’ normal patterns as a security method.

The ‘Integrated AI FDS’ system advances this ‘FDS’ system based on AI to learn new abnormal transaction data.

With the introduction of the ‘Integrated AI FDS system,’ Gwangju Bank has significantly reduced the false positive rate (the rate of mistakenly judging normal transactions as financial fraud) and increased the true positive rate by more than 10 times, shortening the time required to respond to unusual transactions and authentication services, and enabling immediate analysis of voice phishing monitoring to respond more effectively to financial fraud.

Through this, the bank plans to quickly detect the latest financial fraud patterns, promptly respond to abnormal transactions, and strengthen financial fraud damage prevention by applying robust risk management.

Nam Sang-moo, Head of Financial Consumer Protection Department at Gwangju Bank, said, “As cyber attacks become more intelligent, Gwangju Bank is also advancing security functions to protect financial consumers,” adding, “We will do our best to safely protect our customers’ valuable assets from financial fraud such as voice phishing by advancing abnormal transaction analysis and monitoring systems for preemptive prevention of financial fraud.”

This content was produced with the assistance of AI translation services.