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flag A telecom company was fined $2.5 million for failing to stop mobile fraud, including SIM swaps and account takeovers.

flag A major telecommunications company has been fined $2.5 million by federal regulators for failing to prevent mobile phone fraud, including unauthorized account takeovers and illegal SIM swaps that enabled scams and financial theft. flag The penalty stems from regulatory findings that the carrier did not implement sufficient security measures to protect customers, despite repeated warnings. flag The case highlights ongoing challenges in securing wireless networks against increasingly sophisticated fraud schemes.

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