Lycamobile’s French Businesses Fined EUR10mn for Tax Fraud and Money Laundering
Former Lycamobile Group CEO Chris Tooley received a 3-year prison sentence and a EUR250,000 fine for his part in the tax evasion.
Artificial Inflation of Traffic Blamed for Dismal SMS Forecasts
Mobile operators ramp up prices for terminating SMS whilst crooks use bots to generate meaningless traffic.
Mobileum Inflated Revenues with Fake Invoices, Alleges Lawsuit by New Owners
HIG Capital says they were duped into overpaying for Mobileum in 2022 because of ‘brazen, massive, systemic fraud’.
Analytics, Profits, Aussie Scam Reduction and EU Abuse of Microtargeting: Commsrisk Show 10
Another varied show featured an interview with Mike Willett, an expert in analytics and long-standing friend of Commsrisk.
Vonage and Twilio Blasted for ‘Unacceptable’ SMS Scam Failings by Australian Regulator
Scammers exploited Vonage’s weak controls to send thousands of scam SMS messages that impersonated reputable organizations.
Ukraine Says 11 Telcos Were Compromised by Hackers
Attacks were conducted by Sandworm, a Russian military unit that has targeted France and South Korea and repeatedly attempted to cause blackouts in Ukraine.
Why Is the USA Trying to Disconnect Saudi Arabia’s Second Mobile Operator?
The FCC says Mobily needs a better anti-spam plan despite flawed plans from other telcos including Deutsche Telekom and Etisalat.
Learn from the Lawyers Who Chase SIM Swap Clients
If lawyers specialize in lawsuits for a certain kind of wealthy client then you should implement controls that specifically mitigate the risks surrounding those clients.
Refiling, Scam Calls Traced to Deutsche Telekom, and Huawei’s Influence on the GSMA: Commsrisk Show 9
The latest episode of our weekly webcast featured a lively mix of interweaved risks for comms providers and the rest of society.
Revenue Assurance Teams Must Refocus on Costs
RA teams always had skills that could be applied to cost reduction, but may have lacked the ambition. Changing priorities mean they should realign themselves to cost-conscious CEOs.