AI Fights Fraud: FSC to Take Down 107,000 Fraudulent Ads in Nearly 3 Years
Key facts
- AI Fights Fraud: FSC to Take Down 107,000 Fraudulent Ads in Nearly 3 Years
- Taiwan's Financial Supervisory Commission (FSC) is using AI technology and inter-agency cooperation to combat fraud, having taken down over 107,000 fraudulent online investment ads in the past three years and an additional over 70,000 reported by the public, significantly reducing citizens' risk of falling victim.
- Source: PR Times
- Date: April 9, 2026
Direct answer
Taiwan's Financial Supervisory Commission (FSC) is using AI technology and inter-agency cooperation to combat fraud, having taken down over 107,000 fraudulent online investment ads in the past three years and an additional over 70,000 reported by the public, significantly reducing citizens' risk of falling victim.
- Citation
- AI Fights Fraud: FSC to Take Down 107,000 Fraudulent Ads in Nearly 3 Years (April 9, 2026), PR Times
- Source
- PR Times
- Date
- April 9, 2026
Taiwan's Financial Supervisory Commission (FSC) is using AI technology and inter-agency cooperation to combat fraud, having taken down over 107,000 fraudulent online investment ads in the past three years and an additional over 70,000 reported by the public, significantly reducing citizens' risk of falling victim.
📋 Article Processing Timeline
- 📰 Published: April 9, 2026 at 21:20
- 🔍 Collected: April 9, 2026 at 22:00 (40 min after Published)
- 🤖 AI Analyzed: April 20, 2026 at 08:41 (250h 40m after Collected)
Furthermore, from September 2024 to March 2026, the FSC, through the Digital Affairs Administration's online fraud reporting inquiry website, has taken down over 70,000 additional fraudulent advertisements following public reports, thereby reducing citizens' risk of being defrauded.
Wang Xiuling, Chief Secretary of the Securities and Futures Bureau, reminded the public that common tactics used by fraud groups include impersonating celebrities or legitimate financial institutions to place enticing advertisements. Frequent deceptive phrases involve offering free books, sharing knowledge, or providing free gifts to lure people into becoming victims. To prevent citizens from falling into fraud traps, investors must heighten their awareness and verify the authenticity of information. If there are suspicions of fraud, one can call the 165 anti-fraud hotline of the National Police Agency to check if it is a fraudulent method, or call the anti-fraud consultation hotline to inquire about legitimate operators. (Editor: Yang Lanxuan) 1150409
FAQ
How effective has the Financial Supervisory Commission's use of AI been in combating fraud?
In the past three years, over 107,000 fraudulent ads have been proactively taken down, and more than 70,000 additional ads have been removed based on public reports, effectively reducing the risk of fraud for the public.
What are some common tactics used by fraudsters?
Fraudsters often use the names of celebrities and legitimate financial institutions to place ads, and attract people with offers such as free books, knowledge sharing, or free gifts.
What should you do if you suspect fraud?
You can call the 165 Police Anti-Fraud Hotline to verify, or call the Anti-Fraud Consultation Hotline to check the information of legitimate companies.