Finance MagnatesUpdated Regulation

Germany Takes the Fight Against Trading Fraud Beyond Website Warnings

By Sylwester Majewski

AI summary of the source article

German authorities, including BaFin and the Federal Network Agency, have targeted telecom infrastructure under Operation Heracles to combat cyber investment fraud. Investigators have disabled 13,888 fraudulent German and Austrian phone numbers to date, including 9,304 German numbers over the past three months. Telecom operators were also required to strengthen compliance controls and registration procedures to disrupt crime-as-a-service networks.