Swissquote, a prominent Swiss cryptocurrency trading platform, has been instructed by the Swiss Financial Market Supervisory Authority (FINMA) to bolster its defenses against phishing and impersonation scams. This directive comes in response to a significant increase in fraudulent activities targeting Swissquote and its users. Reports indicate that over 600 websites mimicking Swissquote or employing deceptive login pages were identified in the first half of the year alone. FINMA specifically highlighted Swissquote's cryptocurrency trading app, Yuh, as a primary target for scammers, emphasizing the urgent need for strengthened security measures. Swissquote CEO Marc Buerki acknowledged the escalating threat, attributing it to advancements in AI technology. He stated that while fraudulent attempts have surged, Swissquote's internal systems remain secure. The company is actively working to implement enhanced security protocols to protect its users from these evolving threats and comply with FINMA's requirements. ```

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