Vice Chairman Kwon Dae-young of the Financial Services Commission presided over a meeting with related authorities, private sector experts, and financial industry associations on July 28 and held talks on plans to step up anti-vishing response efforts and set up a comprehensive anti-vishing platform using artificial intelligence (AI) analytics. In his opening remarks, Vice Chairman Kwon spoke about the importance of ensuring public safety and protection against rapidly spreading vishing scams. In this regard, the FSC and related authorities introduced plans to establish a comprehensive data platform to more effectively combat and quickly respond to vishing scams. The planned anti-vishing platform will make use of artificial intelligence analytics and allow financial companies, telecom service providers, and investigative authorities to instantly share relevant information on suspicious account activities and phone numbers associated with scammers, facilitating authorities to more swiftly freeze account activities and instantly alert consumers about the potential threat of vishing scams. Alongside the launching of an anti-vishing AI platform, the financial authorities will also seek to overhaul the current anti-vishing response system throughout the entire process—from preventing vishing scams in advance to blocking scams on the spot to providing remedies for victims to boosting advertisement efforts for raising public awareness.