Samsung Fire & Marine Insurance Establishes Pre-Detection System for Abnormal Loan Transactions

Samsung Fire & Marine Insurance announced on the 1st that it will operate an abnormal loan transaction detection system on its website to prevent financial fraud such as voice phishing in advance.

[Asia Economy Reporter Oh Hyung-gil] Samsung Fire & Marine Insurance announced on the 1st that it will operate an abnormal transaction detection system for loans on its website to prevent financial fraud such as voice phishing in advance.

The Abnormal Transaction Detection System (Fraud Detection System) is a security method that identifies suspicious transaction patterns and blocks them in advance.

If an abnormal transaction is detected during the loan application process through the website or mobile application, the loan will be suspended. This applies to insurance policy loans and credit loans.

If the customer has indeed applied personally, the loan can proceed after identity verification through the call center.

A Samsung Fire & Marine Insurance official said, "As voice phishing has recently increased across the financial sector, we developed a system to detect abnormal transactions during the loan process," adding, "We expect it will prevent fraudulent loans conducted by others without the customer's knowledge in advance."

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