The US telcos were able to authenticate the digital signature that proves the source of a call that originated on another network.
The telco unsuccessfully tried to blame the customer’s losses on his bank’s security procedures.
The US telco estimates that handset fraud cost them almost USD190mn last year, and continued to rise in January.
Targets were invited to ‘friend’ a Facebook profile that looked like it belonged to a colleague.
Fraudsters used the account of Bishop Thulani Xaba to send messages asking for financial help.
The winners leverage biometrics for standards-driven authentication of users.
Huawei Chairman Guo Ping made a robust speech at MWC, but the reporting of his words suggests some telecoms journalists have only a tenuous understanding of security risks.
When seeking to reduce crime, the content of a message is as important as the security surrounding that message.
If security and innovation were driven by empty talk then the EU would be the world leaders they pretend to be.
More and more experts have pointed out the flaws in risk matrices, also known as heat maps. Telcos should have adopted better ways of presenting and ranking risks by now.