AI Fights Fraud: FSC to Take Down 107,000 Fraudulent Ads in Nearly 3 Years

The Financial Supervisory Commission (FSC) announced today that it has utilized AI technology and strengthened inter-agency cooperation to combat fraud. The FSC has guided the Taiwan Stock Exchange and the Securities Dealers Association, among other associated units, to implement AI technology for the real-time removal of online investment fraud advertisements. From April 2023 to March 2026, a cumulative total of over 107,000 fraudulent advertisements were taken down.

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