Risk, Fraud & Security
Denmark to Introduce SMS SenderID Registration to Counter Smishing
Business Minister Morten Bødskov also announced other measures to reduce fraud.
Prosecutors Want to Confiscate $8mn of Assets from Publicity-Hungry Owner of Scam Call Center
Kunal Gupta claimed to be a philanthropist but police say his firm made $17.4mn by defrauding victims in the USA, UK and Australia.
Why China’s War on Scammers Is Fueling a Literal War in Asia
China is offering bounties for criminal kingpins and encouraging rebel armies to seize parts of Myanmar.
Orange Poland Warn Old Android Phones Infected with Malware to Make IRSF Fraud Calls
But consumers pushed back by suggesting methods that would stop fraud without the need to purchase a new handset.
A True Story about a Corrupt Fraud Investigator and a Sex Pest
Telcos need to employ trustworthy investigators because crime occurs within companies as well as to them.
Thousands Tricked Into Revealing Banking Details by Smishing IMSI-Catcher Driven around Norway
The IMSI-catcher was used over a 23-day period to send SMS texts with links to websites that impersonated three banks.
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.
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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