Press Releases

“Phishing Safety Zone”... DB Insurance Implements Everspin's FakeFinder

2024.09.10

AI security company Everspin (CEO Young-bin Ha) announced on the 9th that FakeFinder, a solution for preventing malicious app phishing, has been implemented by DB Insurance. FakeFinder, the domestic financial industry's market share leader in malicious app phishing prevention, is accelerating its expansion into the insurance industry with DB Insurance's implementation. Currently, 8 insurance companies use FakeFinder to protect customers, including DB Insurance, ▲Samsung Fire & Marine Insurance ▲Samsung Life Insurance ▲Kyobo Life Insurance ▲Hanwha Life Insurance ▲Hanwha General Insurance. Regarding recent reports on cyber financial damage cases, a court's first-instance ruling stated that financial institutions are liable for compensation; these incidents were caused by malicious app installations. Criminal groups installed malicious apps on victims' devices to steal personal information. Subsequently, they stole the victims' identities to generate over 60 million won in damages through insurance loans and other financing. Due to the changing judicial perspective and to prevent larger consumer damage, the financial industry is taking various preventive measures. As part of these measures, DB Insurance built a safer financial environment by implementing FakeFinder. Unlike blacklists that mainly detect malicious apps that have already caused accidents, FakeFinder is the only white-list-based phishing prevention solution capable of detecting and blocking even completely newly created malicious apps. It has proven its performance as the market share leader in the domestic financial industry, having been implemented by ▲KB Kookmin Bank ▲Kakao Bank ▲NH Nonghyup Bank ▲K-Bank, protecting a total of 43 million MAU monthly. Meanwhile, the massive app data accumulated by FakeFinder is also used to prevent identity theft crimes. 'iDEFENDER,' an identity theft prevention service co-developed with NICE Information Service, Korea's top credit evaluation company, is being rapidly adopted as the country's first identity theft prevention service, receiving high praise in the industry.