​South Korea to develop AI to prevent voice phishing

With voice phishing attacks increasing by 74 percent, South Korea's Financial Supervisory Service and SK Telecom will develop AI to prevent such attacks.
Written by Cho Mu-Hyun, Contributing Writer
Fishing hooks
(Image: HMRC)

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.

The service is expected to roll out sometime in the first half of next year.

Phishing, whether through voice or email, has risen globally as a serious threat. Cybersecurity company FireEye, which examined over half-a-billion emails sent between January and June 2018, found that one in 101 emails were classified as being malicious.

South Korea has been looking into various ways to apply AI into industries starting in 2016, following the Go-bout between AlphaGo and local player Lee Se-dol, in which the latter lost.

Related Coverage

The biggest phishing attacks of 2018 and how companies can prevent it in 2019 (TechRepublic)

Phishing attacks flourished in 2018, but organizations can protect themselves with the three tips below.

Phishing spikes as private health continues to be most breached sector in Australia

Lawyers, accountants, and management types are the most likely to click on phishing links, according to the Notifiable Data Breaches report for July to September.

Phishing and spearphishing: A cheat sheet for business professionals (TechRepublic)

When criminals use technology to propagate social engineering attacks, securing your organization can become complicated. Here's what you need to know about phishing and spearphishing.

Phishing attacks: Why is email still such an easy target for hackers?

The majority of cyber attacks begin with one simple phishing email. So will it ever be possible to close this door to hackers, once and for all?

10 tips to combat phishing via social media platforms (TechRepublic)

Social media platforms are just as susceptible to phishing attempts as email. Learn some strategies to protect yourself and your users from such attacks.

8 tips for avoiding phishing, malware, scams, and hacks while holiday shopping online (TechRepublic)

The holiday season isn't just busy for shoppers--it's busy for cybercriminals, too. Here's a holiday shopping safety guide with advice on how to stay safe online.

Editorial standards