Taiwan a Testing Ground for Transnational Fraud Rings: Report

TaiwanPlus News

A report by South Korean media outlet Chosun Ilbo says Taiwanese lose over US$1.5 billion a year to fraud, including sophisticated phone scams. Taiwan's Cabinet says the money lost to scams is around US$250 million a year, but that reported cases are falling.

Transcript

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.

Category

Transcript

Be the first to comment

Recommended