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flag FCC lifts 60-day unlocking rule for Verizon due to surge in device fraud.

flag The FCC has lifted the 60-day phone unlocking rule for Verizon, allowing the carrier to align its policies with industry standards. flag The change, prompted by a 55% surge in fraud after the rule’s 2021 reaffirmation, addresses widespread theft and resale of devices on the dark web. flag Verizon reported losing over 784,000 devices to fraud in 2023. flag Going forward, postpaid phones will unlock after full payment, prepaid phones after one year. flag The FCC cited criminal use of unlocked devices in drug trafficking and human smuggling. flag The waiver reflects broader efforts to enhance consumer flexibility and device security.

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