ASAP, South Korea’s AI-powered voice-phishing information-sharing and analysis platform, helped freeze 7,009 accounts and prevent 66.4 billion won, or about $48 million, in potential losses during the nine months after its launch last October. Banks shared about 463,000 suspected voice-phishing records through the system, which uses real-time data from financial, telecommunications and investigative processes to identify fraud patterns. The Financial Services Commission reviewed the platform at the second anti-voice-phishing council meeting on the 20th with the Financial Supervisory Service, National Police Agency, National Tax Service and financial industry. A revised law that took effect on the 4th allows suspected fraud data to be shared more quickly with mobile carriers, which have since contributed more than 100 suspected phone numbers to ASAP. Authorities are also assessing fraudulent accounts opened under other people’s names and considering further rules to prevent new accounts from being used in financial crime.