Risk, Fraud & Security

SIM Swapping Telco Manager Paid $1,000 Plus a Percentage for Each Fraud

A 42 year old man from New Jersey facilitated the takeover of accounts belonging to five customers of his telecoms company.

Was the Global Fraud Summit a Success?

Attendees representing the telco anti-fraud community were full of praise for the first event of its kind. However, press coverage was poor and there were no significant policy announcements.

What All Police Should Learn from the Many Arrests of SIM Swappers in One Kenyan County

The rising number of arrests in Bomet County shows what happens when crime becomes a way of life. Ramping up the policing of comms frauds around the world may reveal the rot is worse than anticipated.

5 Aussie Telcos Breached Anti-Scam Rules; Millions of Impersonation Scam SMS Messages Sent

The Australian regulator issued orders to comply with the national anti-scam code but cannot levy fines for a first infringement.

Spanish Government Launches Consultation on Tackling Telecom Scams

The three controls that get most attention are: blocking inbound international calls that spoof domestic numbers; creating a SenderID registry; and scanning the content of messages.

Singapore Police Sent 48,000 Automated SMS Warnings to 15,000 Scam Victims

They claim that robotic process automation stopped scams collectively worth USD52mn.

Ransomware Attack Hits Claro across Latin America

Services have been disrupted in Costa Rica, El Salvador, Guatemala , Honduras and Nicaragua.

3 Years in Prison for Fraudster Who Drove SMS-Blasting IMSI-Catcher around Norway

A 25 year old Malaysian sent smishing messages that impersonated three Norwegian banks.

Australian Government Commits to Spending AUD10mn on SMS SenderID Registry

Communications Minister Michelle Rowland guaranteed public funding for the first four years of the registry's operation.

Telco Fined for Not Checking IDs That Would Have Stopped 9 Illegal SIM Swaps

The ACMA imposed a fine of AUD259,440 after discovering customers of Medion Australia had lost AUD160,000 due to SIM swap frauds.

Telcos, Banks and Internet Platforms: The Future of Scam Prevention Must Cut across Silos

The Australian government wants consistent anti-scam principles applied across banks, telcos and online businesses.

Brazilian Regulator Orders Telcos to Crack Down on Sale of Toll-Free Numbers to Fraudsters

Operators who supply 0800 numbers should check if the number is being used for its stated purpose.

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