00:01A new report says Taiwanese citizens lose over one-and-a-half billion U.S. dollars to
00:06organized fraud every year.
00:08South Korean news outlet Chosun Ebo reported that per capita, Taiwanese lose three times
00:13while South Koreans lose two scams and 20 times while Japanese lose.
00:18Scammers in Taiwan use sophisticated techniques like spoofing a mobile phone base station
00:23to send out fake text messages to steal financial information.
00:28The report called Taiwan a testing ground for fraud, including by Chinese criminal groups.
00:33Taiwan's cabinet has responded to the report, saying the money lost to phone-based scams
00:38is just around a quarter billion U.S. dollars a year and that the number of reported cases
00:43is falling.
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