Just Opening the Finda App... Blocking Malicious Apps and Remote Control at Bank-Level Security

Introduction of Security Solutions Used by 24 Financial Companies Including Banks and Securities
Malicious App Detection and Blocking Notification Even When Only Opening the Finda App

[Asia Economy Reporter Minwoo Lee] Fintech startup Finda has incorporated a malicious application (app) detection and remote control blocking solution currently used by commercial banks. The system is designed to operate as soon as the Finda app is opened, aiming to fundamentally block financial fraud such as voice phishing.

On the 10th, Finda announced that it had become the first in the fintech industry to adopt 'FakeFinder,' a malicious app blocking solution developed by security specialist company Everspin. This solution is utilized by 24 financial institutions, including commercial banks like KB Kookmin Bank and Woori Bank, as well as securities firms, card companies, savings banks, and insurance companies, verifying the authenticity of apps installed on customers' mobile devices. To date, over 4,218,000 malicious apps have been identified.

When a user opens the Finda app and a malicious app is detected on their mobile device, the Finda app immediately notifies the user with a message detailing the type and risk of the malicious app and assists in its removal. This allows financially vulnerable groups, who may be exposed to voice phishing and smishing crimes due to limited mobile device proficiency, to check for malicious apps simply by opening the Finda app.

Additionally, FakeFinder repeatedly issues warnings every time the Finda app is used, even if the user does not immediately delete the malicious app. It automates the detection of counterfeit malicious apps impersonating frequently used messenger apps and public institution apps, effectively making the Finda service itself act as a firewall.

A Finda security official stated, "To fundamentally block voice phishing and smishing crimes that threaten financial consumers and institutions with unpredictable methods, we had to equip a high level of security technology comparable to that of financial institutions. Since Finda handles accurate loan-related data for 700,000 users who access our app monthly across 62 financial institutions?the largest number in the industry?we plan to further strengthen security."

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