Risk, Fraud & Security
Phone Scammers Target Chinese Speakers in the UK
A security researcher concluded telcos lack the language skills needed to identify and address persistent scams aimed at non-native speakers.
FBI Says SIM Swapper Hijacked Accounts of Instagram Influencers to Sexually Harass Them
Amir Hossein Golshan is alleged to have demanded dates and masturbated whilst a victim performed a striptease by video call.
Six Arrested for Swapping SIMs and Forging IDs to Raid a Million Dollars from Bank Accounts
Hijacking the phone services of victims was part of a process that culminated with bank withdrawals made in person using fake ID.
Elon Musk Has Radical Solution for A2P SMS Fraud: Twitter Turns Off 2-Factor Authentication by SMS
Comms providers will fear other businesses may follow Twitter's lead by telling users to adopt different modes of authentication.
How the Vastflux Mobile Ad Scam Generated 12 Billion Fake Transactions per Day
Apps on almost 11 million infected devices played multiple video ads that were hidden so users would not see them.
State-Owned Zimbabwean Telco Shaken by Multiple Internal Frauds
Insiders at mobile network operator NetOne have been accused of a string of enormous frauds involving stolen vouchers and airtime.
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.
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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