SBI Detects 534 Malicious Apps in One Month Using Voice Phishing Detection Solution

[Asia Economy Reporter Song Seung-seop] SBI Savings Bank announced on the 27th that its recently introduced ‘Voice Phishing Application (App) Detection Solution’ has prevented over 500 financial fraud cases.

The voice phishing app detection solution is a service developed by SBI Savings Bank in partnership with the domestic fintech company Everspin, featuring the core FakeFinder function that detects voice phishing apps. FakeFinder uses artificial intelligence (AI) to verify whether the app installed by the customer matches the legitimate app. When a user opens the bank app, it automatically activates, and if a voice phishing app is detected, it stops transactions and supports the deletion of the suspicious app.

According to SBI Savings Bank, the solution detected a total of 534 malicious apps within one month, primarily identifying the recently increasing ‘call interception’ malicious apps. Call interception is a fraud method that hijacks the financial institution’s main phone number and connects it to voice phishing organizations through malicious apps.

An SBI Savings Bank official stated, “As non-face-to-face financial transactions increase recently, related financial fraud methods and techniques are becoming more sophisticated,” adding, “We are operating various solutions to fundamentally block and prevent rapidly evolving financial fraud methods.”

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