Anti-Vishing Information Sharing via ASAP Available for Financial, Telecom and Investigation Data

The Financial Services Commission announced that the recently revised rules under the Special Act on the Prevention of Loss Caused by Telecommunications-based Financial Fraud and Refund for Loss (“the Act” hereinafter) and its Enforcement Decree will take effect from August 4, 2026. With the revised rules in place, financial companies, telecom service providers, and investigation authorities will be able to more easily and quickly share voice phishing (vishing)-related information to more effectively cut off criminal activities.

With the introduction of the AI-based Anti-Phishing Sharing and Analysis Platform (ASAP) in October last year, the sharing of information among relevant authorities and organizations has been made easier. However, the ASAP was operating mostly with the information provided by banks and there were limits in terms of legal foundation and the scope of participation.

In this regard, the government prepared a revision bill for the Act to provide a legal foundation for allowing the sharing of financial, telecom, and investigation data through ASAP and the revised Act passed the National Assembly on January 15, 2026.

Since then, the FSC prepared a revision bill for the Enforcement Decree and subordinate statutes to provide details regarding the scope of participating entities and the types of information being shared, and the procedures for selecting an ASAP operator (information sharing and analysis agency).

Expanding the scope of participation and types of information