What does telecom fraud mean?

Telecommunication fraud means. "Telecom fraud" is a means of telecom fraud, also known as "quick money SMS fraud" or "SMS fast payment fraud". This kind of fraud is usually by sending seemingly formal short messages to trick the victim into entering information such as bank account number and password, and then transferring the funds in the victim's account to the fraudster's account or buying fake goods, so as to achieve the purpose of illegally obtaining property. This kind of SMS often disguises itself as a well-known institution such as bank, Alipay and Taobao. The content is usually to inform the victim that the account is abnormal or needs to verify the account information, and guide the victim to click on the link or make a phone call to operate.