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South Korea to develop AI to prevent voice phishing

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With voice phishing attacks increasing by 74 percent, South Korea’s Financial Supervisory Service and SK Telecom will develop AI to prevent such attacks.
South Korea’s finance watch dog, the Financial Supervisory Service (FSS), together with SK Telecom, will develop AI to prevent voice phishing attacks.
The FSS will provide its data on financial fraud while the telecommunications carrier will build an AI system that alerts callers when it is suspected that they have received a voice phishing call.
The FSS said damages caused by voice phishing in the first half of this year amounted to 180.2 billion won ($159 million), an increase of a staggering 73.7 percent from a year ago.
Existing filtering methods detect phishing attacks based on the use of certain keywords. The new AI system will detect phishing attacks based on context, the FSS said.

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