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Israeli startup targets phone scammers with new biometric trap

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By Shoshanna Solomon

 

Online fraudsters are getting smarter by the day. As soon as banks and financial institutions smoke them out, they find new ways to outsmart the system.

One noteworthy case happened a year ago in the UK when a woman got a call from someone saying they were from her mobile phone provider and telling her she was late with her payment. The woman used her debit card to pay the 60 UK pounds she was told she owed.

 

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