Risk, Fraud & Security
Former Mobileum Execs Charged with Fraud; Accused of Faking Revenues
If found guilty, the former CFO and former Chief of Delivery each face a maximum penalty of 20 years in prison.
Scam SMS Blasters Found Circling Malaysian Resort and Singapore Border Town
Readers may recognize an orange converter used to power one of the rogue base stations, and other similarities with crimes committed around the world.
Scamhunters Blast Microsoft Teams and Sinch over VoIP Numbers for Callback Frauds
The scamhunter group called Demurrage published a comprehensive dossier of evidence they compiled.
Greece Arrests Chinese SMS Blaster Scammers
The scourge of smishing messages sent by rogue base stations is spreading across Europe but national leaders ignore the underlying security threat.
Top US Expert Slams FCC for ‘Intentionally’ Hiding Robocall Crime Statistics
Americans are losing increasing amounts to frauds initiated by phone but the US comms regulator conceals evidence showing how ineffectual its consumer protection strategy really is.
Two Chinese SMS Blaster Scammers Arrested in Serbia
The Serbian government said the criminals belonged to a gang that operates across 'several' European countries.
Regulators in International Anti-Scam Group Issue First Communiqué
There is not much anyone would argue with in the statement issued by the Global Informal Regulatory Antifraud Forum (GIRAF), but that is a problem as well as a strength.
Police Find SMS Blaster Hoard in Cambodia
Stopping a car with one rogue base station led the police to a Phnom Penh lock-up which stored many others.
Woman in Scam Compound Given Punishment Exercise until She Dropped Dead
The human cost of corporate indifference is greater than the financial cost.
Global Telco Suspended from Anti-Fraud Consortium after CEO Accused of ‘Breathtaking’ $500mn Loan Fraud
American financiers say Bankim Brahmbhatt fabricated accounts receivable at Broadband Telecom and Bridgevoice, two of the telcos belonging to Bankai Group.
US Federal Grand Jury Indicts Former CEO of Messaging App for Fraud
IRL was once valued at USD1.2bn but founder and CEO Abraham Shafi now faces a potential 20-year prison sentence for lying about paying users to download his app.
Vietnamese Describe Methods SMS Blaster Scammers Use to Evade Detection after New Hanoi Bust
The fake base station was carried by hand and its broadcast range was reduced to make it harder to locate.
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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