Hong Kong authorities have apprehended two suspects in connection with an elaborate phishing operation that defrauded victims of approximately HK$500,000. Investigators discovered sophisticated telecommunications equipment in a hotel room, including 110 SIM cards and a modem pool infrastructure. The suspects allegedly orchestrated a mass texting campaign targeting over 2,000 individuals with fraudulent messages impersonating parcel delivery services and insurance companies. This arrest highlights the escalating sophistication of cybercriminals utilizing telecommunications technology for large-scale scam operations in Asia.

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