The South Korea Financial Services Commission announced the launch of the AI-based Anti-phishing Sharing and Analysis Platform (ASAP), a sector-wide system designed to strengthen prevention and disruption of vishing scams through real-time data sharing and AI-supported detection. ASAP enables around 130 financial companies to share nine types of vishing-related data covering 90 categories, including information on victims’ accounts, accounts used in scams, accounts suspected of being linked to scams or victims, verified overseas accounts used in scams, and information relevant to investigations such as fake IDs, police-identified potential victims, phishing sites and malicious apps. Information on victims’ accounts, scam accounts and verified overseas scam-linked accounts will be shared in real time across all participants to help cut off criminal activity, while data on suspicious accounts and transaction patterns identified via firms’ fraud detection systems and police investigations will be used to develop and share an AI-driven analysis and detection model, including to support nonbank institutions. The FSC indicated that participation is expected to expand beyond financial companies to include telecommunications service providers and investigative authorities, and that the government plans legislative revisions to provide regulatory foundations for operating ASAP and to strengthen personal information protection rules in the financial sector.

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