Risk, Fraud & Security
Ericsson Allocates $220mn for More Corruption Penalties
A monitoring regime that was meant to address past failings did not identify or disclose bribes paid to terrorists in Iraq.
73% of IoT Device Manufacturers Do Not Comply with Imminent UK Security Rules
New research warns many businesses selling networked devices could soon receive steep fines. Other countries are expected to follow suit.
Euro Police Shut Down Four Call Centers Selling Cryptocurrency Investment Scam
German victims were lured into paying EUR2mn for bogus investments advertised on social media and the web.
Scattered Spider: New Cyber Attack Targets Telcos
CrowdStrike details a campaign that combines social engineering, smishing and remote code execution to infiltrate the systems of telcos, sometimes with the intention to perform SIM swaps.
Thai Police Cut Internet Cables Used by Cambodian Scammers
A search of government-run telecoms facilities in Thailand led to the disconnection of 30 cables that ran across the border.
Elon Musk Says Twitter Lost $60mn a Year Because 390 Telcos Used Bot Accounts to Pump A2P SMS
Twitter accounts were created solely to generate revenue for telcos from two-factor authentication SMS messages.
Is India Really Cracking Down on Phone Scams?
Internet vigilante and YouTuber Jim Browning used his hacking skills to obtain compelling evidence about the bosses of an Indian scam call center who were then arrested but never prosecuted.
Digicel Wins $10mn Damages from UPM in Simbox Fraud Trial
The jury decided that the US telco had committed conventional simbox fraud and abused a roaming tariff only offered to Haitians.
UK Leads Drive for Better IoT Security
A new law will result in tougher security requirements for manufacturers of IoT devices. It is associated with a European standard that will likely become the global baseline.
The SIM Swap Fraud Service with 5-Star Reviews
A new website with videos that have been viewed thousands of times on YouTube is offering dodgy services that are strikingly similar to a phone surveillance service from 2017.
Over 400 Downloads of the RAG Fraud Catalog
There has been a tremendous response to the Risk & Assurance Group's first fraud inventory for comms providers but our industry must be even more united if we are to defeat fraud.
New Catalog of Telecoms Fraud Now Available
Geoff Ibbett released version 0.1 of the RAG Fraud Catalog just in time to present it at RAG Sydney. The subsequent response from telcos has been enthusiastic.
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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