Search results for Abnormal Transaction Detection System
Finance
KakaoBank upgrades financial fraud detection with context-aware AI
KakaoBank has applied an AI-based financial fraud detection model to its abnormal transaction detection system, analyzing customer behavior before and after transactions. The \"sequence detection model\" uses an attention mechanism to assess transaction order, time gaps between actions and device-change patterns, and can spot pauses and resumptions in activity. KakaoBank said prevention cases rose 4.4 times on a monthly average after a pilot. In the first quarter, it detected 49.8 percent of suspected cases independently.
Finance
Toss Bank joins campaign to end illegal gambling among teens
Toss Bank said on Wednesday it has joined a relay campaign to eradicate illegal gambling among teenagers. The campaign, led by the Seoul Metropolitan Police Agency, is a broad social prevention effort built around a message warning that illegal cyber gambling targeting youths is a fraudulent crime that cannot be beaten. Participants take verification photos and nominate two others to join next.
Crypto
Bithumb says it will compensate mistaken bitcoin deposit incident customers 110 percent
Bithumb announced a full compensation plan and measures to prevent a recurrence after a mistaken bitcoin deposit incident. It will pay panic sellers during the 6:30 p.m. to 6:45 p.m. window the full price difference plus an additional 10 percent, to be paid within a week after data verification. All customers connected at the time will also receive 20,000 won each. Bithumb will cut trading fees to 0 percent for seven days and set up a 100 billion won customer protection fund.
