South Korea to Use AI Against Voice Phishing

South Korea’s Financial Supervisory Service and SK Telecom recently announced that they will be developing an AI system to prevent voice phishing attacks.

The FSS said it will provide its data on financial fraud while the South Korea’s largest telecom company will build the system that alerts callers of voice phishing calls.

The FSS said that voice phishing had already caused 180.2 billion won ($159 million) in damages in the first half of the year alone, which is a staggering 73.7 percent increase from a year ago.

Source: ZDNet

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