Norway Blocks 8.4 Million Scams in a Single Quarter; New SMS Scams Continue to Emerge

AI Summary (NQ-processed)

Norway's Financial Supervisory Authority reported that actual bank fraud losses reached 1.227 billion Norwegian kroner (approximately NT$3.52 billion) in 2024, a 32% increase from 2023. The banking system intercepted potential losses of 2.964 billion kroner. New SMS scam methods, often impersonating local brands like AutoPass, are becoming more prevalent, originating mainly from the UK, Netherlands, and US. The Norwegian government extended the 'National Expert Group for Combating Digital Fraud' for two years, expanding its scope from phone to online fraud. This initiative has reduced bank fraud losses by 35% in the past six months, but scam techniques continue to evolve.