South Korea has unveiled a new AI-powered system to strengthen its defences against voice phishing scams.

The platform, named the AI-based Anti-Phishing Sharing & Analysis Platform (ASAP), has been jointly developed by financial institutions and government agencies to enable real-time sharing of suspicious activity data across multiple sectors.

Operated by the Financial Security Institute, ASAP facilitates the exchange of phishing-related information among 130 financial firms, including details of victim accounts, suspicious transactions, forged identification documents, and malicious apps. The system applies AI-driven pattern analysis to identify, detect and block fraudulent activities before they cause harm.

The initiative arrives as voice phishing operations become increasingly organised and transnational, with scammers using advanced technologies such as deepfakes and malicious apps to deceive victims. 

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