HuHu&Company Shares Voice Phishing Detection Data with IBK Industrial Bank
[Asia Economy Reporter Eunmo Koo] Whowho & Company, which provides the spam blocking app 'Whowho,' announced on the 12th that it has agreed to share voice phishing detection data with IBK Industrial Bank of Korea to prevent voice phishing in advance and protect the public from damage.
According to Whowho's spam statistics, spam messages impersonating financial institutions to offer loans have been increasing day by day this year. To prevent financial damage caused by such spam, it is important not only for users to be cautious themselves but also for related organizations to quickly identify abnormal signs by utilizing financial and communication data.
For rapid response to voice phishing, Whowho & Company shares abnormal sign detection data during calls with IBK Industrial Bank of Korea's telecommunication financial fraud AI monitoring system. The monitoring system is a technology that identifies risky situations such as fraud during financial transactions and blocks the transactions in advance to prevent voice phishing damage.
The Whowho app detects user risks with its own voice phishing detection solutions, including phoneme analysis and risk assessment model databases, and immediately shares the information with IBK Industrial Bank of Korea's monitoring system. Then, the responsible staff monitors the customer's transactions and blocks transactions with unusual patterns in advance, thereby preventing financial fraud damage.
IBK Industrial Bank of Korea prevents damage by blocking transactions suspected of voice phishing fraud among the numerous financial data generated daily using sophisticated algorithms. Through this cooperation with Whowho & Company, it has become possible to utilize communication data along with existing financial data to prevent voice phishing.
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Huh Taebeom, CEO of Whowho & Company, said, “In the movie 'Voice,' there is a line that emphasizes the importance of empathizing with the victim above all to commit fraud. To avoid being deceived by the cunning words of phishing criminals, users must acknowledge that they themselves can become victims of crime,” adding, “Whowho's voice phishing detection may be the best measure for ordinary people to respond to voice phishing prevention.”
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