Exchange scammers from South Korea will identify AI  The Korean Commission for Monitoring of Stock Markets is going to introduce a new system with artificial intelligence, which will independently identify fraudsters on various grounds. The system is already at the final stage of testing, and in full-fledged mode it will work in the spring.
After the artificial intellect is given the necessary powers, it will monitor the activity of market participants, pointing to suspicious transactions and to the brokers who placed the illegal bids. In addition, AI will be able to predict and recognize new, previously unknown methods of fraud that will also be reported to people.
"Thanks to our latest development, we will be able to identify fraudsters at an early stage and respond quickly to their actions, working in active market monitoring mode "- the head of the commission Li Hyon Sen is sure.
Having analyzed all the collected data, the system will independently provide them to operators, visually demonstrating the seriousness of this or that threat. After that, the commission's staff will be able to independently decide on the necessary measures of impact.