What is South Korea's AI-based anti-phishing platform ASAP and what has it done so far?

ASAP is the AI-based Phishing Sharing and Analysis Platform launched in late October to strengthen anti-fraud efforts. It enables financial institutions to share phishing-related data in real time and has already helped prevent major losses from voice phishing scams.

How much money did ASAP stop from being lost to voice phishing scams?

The Financial Services Commission said the platform prevented 66.4 billion won, or $47.6 million, in financial losses over the past nine months. It also helped halt transfers from about 7,000 accounts.

What kind of information do financial firms share through ASAP?

Through ASAP, 130 financial firms can share phishing-related information such as victim accounts and suspicious transactions. The FSC said 463,000 cases of voice phishing-related information were exchanged between Oct. 29 and July 31.

AI-based anti-phishing platform prevents over $47.6 mil. in financial damage

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Summary

An AI-based anti-phishing platform has prevented 66.4 billion won, or $47.6 million, in financial losses from voice phishing scams over the past nine months. The Financial Services Commission said the platform, launched in late October as ASAP, shared 463,000 cases of voice phishing-related information among financial institutions from Oct. 29 to July 31. Transfers from about 7,000 accounts were halted, and 130 financial firms can share data on victim accounts and suspicious transactions.

Key Facts

The platform is called the AI-based Phishing Sharing and Analysis Platform, or ASAP.
The Financial Services Commission said 463,000 cases of voice phishing-related information were shared among financial institutions from Oct. 29 to July 31.
Transfers from about 7,000 accounts were halted through the platform.
ASAP allows 130 financial firms to share phishing-related information, including victim accounts and suspicious transactions.

By Yonhap

Published Aug 20, 2026 10:53 am KST

A new platform based on artificial intelligence (AI) has prevented some 66.4 billion won ($47.6 million) in financial losses from voice phishing scams over the past nine months, the financial regulator said Thursday.

The country launched the platform, dubbed the AI-based Phishing Sharing and Analysis Platform (ASAP), in late October to enhance anti-fraud efforts.

According to the Financial Services Commission (FSC), some 463,000 cases of voice phishing-related information were shared among financial institutions between Oct. 29 and July 31, and transfers from some 7,000 accounts were halted.

The platform allows 130 financial firms to share phishing-related information, such as victim accounts and suspicious transactions.

The country has been intensifying efforts to crack down on rising phishing crimes.

ASAP highlights the country's growing commitment to protecting financial consumers and restoring trust in digital financial systems, the FSC said.

Phishing is a type of crime where victims are conned into transferring money to scammers or sharing their personal information, thus allowing fraudsters to access their bank accounts.

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