telecomcollaboration

BREAKING: FSC Teams Up with Telecoms to Combat Crypto SMS Phishing Attacks 📰
NEW YORK CITY –
The Financial Supervisory Commission (FSC) of Taiwan is intensifying its efforts to protect consumers by collaborating directly with telecommunications service providers to combat the surge in SMS Phishing (Smishing) attacks.
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Fraudsters are frequently exploiting this channel by sending text messages that impersonate legitimate crypto exchanges, tricking users into clicking malicious links designed to steal login credentials and two-factor authentication codes.
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In response, technical measures are being actively deployed to identify and block fraudulent messages specifically linked to the cryptocurrency sector.
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Protecting users from these increasingly sophisticated social engineering attacks has become a top priority for the regulatory body. This vital cooperation between the FSC and telecom companies is deemed necessary and highly effective, given the specialized technical nature of modern crypto-related cybercrime.

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