
Fighting off phishing.
Hacking Humans
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Proactive Security Measures
Alerting the former financial institution's security organization when someone is squatting on a phone number resembling theirs can help in preventing fraudulent activities. Being proactive and informing about such incidents can aid in seizing the number before it is misused, as even seemingly secure actions like dialing the number on a credit card can lead to unauthorized access by scammers.
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