TheCheat Corporation
- 43, Digital-ro 34-gil, Guro-gu, Seoul, Republic of Korea
- 16611431
- partner@thecheat.co.kr
[Key Technology]
TheCheat utilizes advanced technology to maintain accurate and reliable victim data, estimate suspect groups, and operate a robust financial cloud environment capable of processing over 300 million monthly queries.
With multiple anti-fraud patents, TheCheat offers a service that assesses the credibility of victim-reported information and swiftly shares verified data to prevent further fraud.
[Company Profile]
TheCheat, established in 2006, is Korea’s largest financial fraud prevention service. It maintains the country’s most extensive and up-to-date fraud database, blocking the resue of contacts and account numbers involved in fraudulent activities. Serving various sectors, including finance, fintech, telecommunications, and retail, TheCheat delivers effective prevention solutions. By offering real-time fraud alerts during transactions, it effectively mitigates potential damages. TheCheat was highlighted by the Financial Services Commission in April 2024.
* Financial: IBK, Toss Bank, KakaoBank, Kookmin Bank, Woori Bank, etc.
* Fintech: KakaoPay, NaverPay, Payco, etc.
* Telecommunication: SKT, KT, LGU+, etc.
* Shopping: Naver, 11st, Bunjang, etc.
[Key Products]
As of July 2024, TheCheat has the largest financial fraud database in Korea, with 14.41 million registered users and 2.22 million reported fraud cases. TheCheat app provides real-time fraud alerts upon installation.
To help businesses implement financial fraud prevention services, TheCheat offers a REST API that allows access to fraud history registered in TheCheat. The API is provided in a financial cloud environment, ensuring the level of reliability required by all financial sectors.
TheCheat is offered through the PASS app and as atelcom add-on, ensuring fraud prevention across various channels.
