Woori Bank Says It Will
TECHWORLD ·
✦ AI Summary
Woori Bank and LG Uplus have established a voice phishing prevention system that links financial transaction information with telecom data.
After signing an agreement last August, the two companies have shared information, and they pushed ahead with system integration development starting in January this year to complete real-time linkage on August 27.
The two companies are pursuing a second-stage upgrade of their information-sharing system and are also reviewing ways to link LG Uplus with financial-fraud-related information flagged by Woori Bank's FDS.
Woori Bank and LG Uplus have established a voice phishing prevention system that links financial transaction information with telecom data. The goal is to speed up the detection of signs of suspected financial fraud.
Woori Bank announced on the 6th that it would significantly expand its joint response. The two companies signed a memorandum of understanding last August on preventing losses from voice phishing and have since shared information on financial fraud tactics and related data.
The two companies then fleshed out their cooperation by pushing ahead with system integration development starting in January this year. As a result, they completed real-time linkage between Woori Bank's financial fraud prevention system and detection information from LG Uplus's AI service ixi-O on August 27.
ixi-O's detection information uses voice phishing risk-detection data held by LG Uplus. This function delivers, in real time, risks at the call stage that the financial sector has difficulty confirming.
Woori Bank has established dedicated anomaly-based financial transaction detection system (FDS) detection policies based on LG Uplus data. In addition, Woori Bank is continuously identifying additional detection policies and is expanding its joint response based on them.
The two companies plan a second-stage upgrade of their information-sharing system. Until now, the focus had been on using telecom information in Woori Bank's financial fraud detection, but in this upgrade they will expand the use of telecom information in Woori Bank's financial fraud detection. They also plan to pursue ways to link LG Uplus with the financial-fraud-related information flagged by Woori Bank's FDS.
Woori Bank said that because voice phishing tactics are rapidly evolving across the boundaries between finance and telecom, close cooperation between the two companies is important. It added that it will pursue organic integration of the companies' data and systems so customers can feel the benefits of an integrated financial and telecom protection service, and that it will also work to build a safer financial environment.
Source: TECHWORLD · Lee Gwang-jae
Original: https://www.epnc.co.kr/news/articleView.html?idxno=407813
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Source: TECHWORLD
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