Risk, Fraud & Security
UK Cyber Security Center Issues Guidance on Artificial Inflation of SMS Traffic
The NCSC cited comments by Elon Musk when explaining the need for their excellent new recommendations.
Singapore Proposes Telcos and Banks Will Share Liability for Smishing Losses
Telcos would need to fully compensate victims if banks met their obligations but the telco did not block malicious SMS messages.
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.
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.
Indian Regulator Proposes Number Porting Delay to Counter SIM Swap Fraud
TRAI is asking if mobile number porting should be prohibited within 10 days of a SIM replacement.
When Fighting Scams, Why Do We Trust US Multinationals More than Impartial Academics?
US firms control the global governance of STIR/SHAKEN. We should pursue a UK alternative that prioritizes the public good over profits.
$116mn Fine for Toll-Free Fraudster Who Embarrassed US Telecoms Industry with His Anti-Scam Antics
An amateurish fraudster has been punished by high-status professionals who also have a shaky relationship with the truth.
Oslo IMSI-Catcher Arrest: Suspected Malaysian Spy Now Investigated for Fraud ‘with International Ramifications’
Espionage charges were dropped but the same criminal outfit also drove an IMSI-catcher around Bergen, Norway's second city.
1,207 Chinese Scam Suspects Arrested and Deported from Myanmar
Hundreds of other alleged scammers of Chinese nationality were also arrested in separate operations in Myanmar and Laos.
The Story of a $24mn SIM Swap
PR exec Michael Terpin unsuccessfully sued AT&T for USD224mn after SIM swappers raided his cryptocurrency wallets, but was able to use his business skills to track down the culprits.
Two British Teenagers Found Guilty of Belonging to LAPSUS$ SIM Swapping Hacker Gang
Arion Kurtaj began his criminal career of blackmail and fraud when he was 16. He trained an apprentice who is still too young to name.
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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