Financial Security Institute Launches 'Pan-Financial Sector Voice Phishing Fraud Information Sharing System'

[Asia Economy Reporter Kwangho Lee] The Financial Security Institute announced on the 1st that it has completed the establishment of the "Pan-Financial Sector Voice Phishing Fraud Information Sharing System," which allows the entire financial sector to share voice phishing-related information through automated (API) interconnection, and has officially launched its operation.

The system development involved participation from specialized institutions and companies in the public, telecommunications, and security sectors, including the Korea Internet & Security Agency (KISA), SK Telecom, WhoWho & Company, and AhnLab. In particular, it linked in real-time the Financial Security Institute's Fraud Detection System (FDS) information sharing, phishing site and voice phishing malicious app continuous monitoring system.

With the establishment of an organic cooperative system for collecting, sharing, and responding to voice phishing fraud information at the pan-financial sector level, it is expected to effectively respond to the proactive prevention and containment of the increasingly sophisticated and advanced voice phishing fraud.

Kim Young-gi, President of the Financial Security Institute, stated, "Since most victims of voice phishing are socially vulnerable groups such as low-credit and elderly individuals, and it is a malicious crime, information sharing and cooperative response at the pan-financial sector level are very important. This system establishment will effectively respond to the proactive prevention and containment of the increasingly sophisticated and advanced voice phishing fraud."

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