Worried About Voice Phishing? Apply for the "Safe Block" Service at Your Bank

Financial Supervisory Service Releases Eight Security Services for Financial Consumers

The Financial Supervisory Service has released a list of eight security services that consumers can request from financial institutions to prevent losses from non-face-to-face financial fraud, such as voice phishing and identity theft.

On October 1, the Financial Supervisory Service announced eight measures that consumers can use to effectively protect themselves from financial fraud.

First, there are the Non-Face-to-Face Account Opening Safe Block Service and the Credit Transaction Safe Block Service. The "Safe Block" service allows consumers to apply at just one financial institution, and the application information is shared through the Korea Credit Information Services, which blocks all non-face-to-face account openings or loan executions at every financial institution. This helps prevent unauthorized financial transactions using stolen identities.

In addition, there are other security services provided individually by financial institutions, including: ▲ Delayed Transfer Service ▲ Designated Deposit Account Service ▲ Designated Device Service ▲ Overseas IP Blocking Service ▲ Reduced Transfer Limit for Non-Face-to-Face Transactions Service.

These services apply only to accounts held at the financial institution where the consumer has applied. By allowing withdrawals and other transactions only in pre-designated ways, these services help prevent financial fraud.

Furthermore, through "Account Info" (website and mobile app) operated by Korea Financial Telecommunications & Clearings Institute, consumers can check all accounts opened under their name. In the event of an actual personal information leak, consumers can use the "Bulk Account Payment Suspension Service" on the same site to request a payment suspension for all or some of their accounts at once.

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