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.
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.
In response, technical measures are being actively deployed to identify and block fraudulent messages specifically linked to the cryptocurrency sector.
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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