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SIM swap is undeniably a major threat in the market, with fraudsters continually finding new ways to obtain personal information and impersonate real users. A significant challenge in detecting SIM swap fraud is the lack of stringent regulations by telecom operators to verify number transfer requests. This issue is particularly prevalent in regions like Central and Eastern Europe and APAC, where there has been a noticeable rise in SIM swap fraud. I'm intrigued to learn how Cleafy is addressing this growing threat.
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