The Communications Fraud Control Association has issued its 2019 Global Fraud Loss Survey and Digital Identity Cybercrime Report. However, some of the figures are obviously wrong.
Simple maths shows the Communications Fraud Control Association Global Fraud Survey was answered by only 61 telcos in 2019, though this was many more than responded in 2017.
The 2019 Fraud Report from the ITW Global Leaders’ Forum presents an ambitious but credible plan to defeat fraud.
South African banks can use MTN’s Subscriber Identity for Third Parties (SIFT) system to check if a SIM was recently changed.
October saw unprecedented concern about wangiri fraud from a wide variety of countries.
UK police statistics show there is a disparity between the number of reported SIM swap frauds and the amount of attention they generate in the media.
Three UK warned other firms that someone was impersonating Dave Parr, but they did not bother to check with the customer.
The survey also found that technology, media and telecoms (TMT) businesses suffered less internal fraud.
In Tanzania, defendants accused of telecoms fraud can be jailed indefinitely without trial. However, an ‘amnesty’ from President Magufuli means the suspects in one case will finally be released.
Over 20 firms use the anti-wangiri ledger created by Orillion Solutions and overseen by the Risk & Assurance Group (RAG).