The government has prevented 7,000 incidents of fraud totaling NT$4.8 billion (US$149.43 million) in the first eight months of this year in collaboration with 38 local banks, President Tsai Ing-wen (蔡英文) said yesterday.
Tsai made the remarks during a Taiwan capital market forum arranged by the Liberty Times (the Taipei Times’ sister newspaper). The forum focused on the subject of bank account fraud, which has become a public concern due to an increase in such cases.
To enhance the prevention and detection of fraud in the banking sector, the Ministry of Digital Affairs is to a pilot government text message platform using the “111” short message service (SMS) code for official use, Tsai said, adding that she would participate in the launch of the mechanism on Oct. 24.
Photo: Tien Yu-hua, Taipei Times
The “111” platform aims to ensure only authenticated entities use the number.
The number of financial scams in Taiwan surged to 328 this year, the highest figure in about three years, statistics compiled by the Financial Supervisory Commission showed.
The Criminal Investigation Bureau has collaborated with Whoscall app to identify and prevent scam calls in Taiwan by setting up a system that shows a scam warning on people’s mobile phones when a suspicious number calls them, Tsai said.
By collaborating with local telecoms, the government filtered and curtailed about 15.7 million scam calls from abroad and 5.5 million scam messages during the January-to-August period, Tsai said.
The ministry has also adopted different anti-fraud measures including promoting the use of cryptography to ensure the security of e-commerce logistics information and data, Tsai said.
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