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Brief
"On "28/08/2025", the "Financial Services Commission" issued an update regarding "In order to eradicate voice phishing, we will strengthen the competency of the financial sector. -System improvement such as strengthening accountability such as financial sectors, establishing voice phishing AI platforms for preemptive detection, and strengthening response to virtual asset detection techniques". This includes introducing a "voice phishing no-fault liability" system, where financial institutions are held accountable for some or all of the damages caused by voice phishing, and strengthening their ability to prevent and respond to voice phishing attacks.
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