Risk, Fraud & Security
Irish Regulator Says Anti-Scam Plan Is Worth EUR1.2bn to Society and Economy
ComReg projects that the returns generated by new fraud prevention controls for voice and SMS will be 55 times the cost of implementing them.
New SMS Dispute Process Will Combat Fraud, Says i3Forum
The club for international wholesale carriers has responded to the pressures created by artificial inflation of SMS traffic.
Telenor Linx Explains How They Stopped Payment for a Massive A2P SMS Fraud
The wholesale carrier is so proud of how they tackled a hack by criminals that they made a video describing their response.
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.
The Commsrisk Global Fraud Dashboard
Our Global Fraud Dashboard uses AI-powered search to collate, update and visualize data about scams and other network abuses from around the world. New charts are added each month. See it here.
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