NH Nonghyup Life announced on October 23 that it has implemented a Fraud Detection System (FDS) to prevent financial scams that may occur during non-face-to-face transactions.
The FDS monitors logins, insurance contract loans, and various payout transactions conducted on its website and mobile app to detect any suspicious signs. The system aims to identify questionable transactions early to prevent financial incidents.
When suspicious transactions are detected, the system restricts the transaction based on pre-set criteria and initiates necessary procedures, such as identity verification through customer service. Once confirmed, the transaction restrictions can be lifted to allow normal financial operations.
The system will also integrate financial fraud information from external organizations. By utilizing both internal transaction data and external fraud information, NH Nonghyup Life aims to broaden its scope for detecting and responding to suspicious transactions.
An NH Nonghyup Life official stated, “As financial scams become increasingly sophisticated, it is crucial to detect suspicious transactions early. We will continue to enhance the stability of financial transactions so that customers can use our financial services with confidence.”
* This article has been translated by AI.
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