Risk, Fraud & Security
Aussie Telco KYC Failures Prompt Large Fine
Circles.Life was given an AUD199,800 fine and will pay another AUD100,000 to compensate customers after failing to perform identity checks that would have stopped frauds.
Smishers Fool Twilio Staff, Hack Corporate Systems and Breach Customer Data
The US comms provider said hackers obtained information about 125 businesses that use their services.
Ericsson Sued over Alleged Terrorist Payments
528 relatives of Americans killed by terrorists want compensation because of 'protection' payments Ericsson made whilst delivering contracts to Wataniya, Asiacell and Korek Telecom in Iraq.
Scammer Made $25mn by Unlocking Phones Using Stolen T‑Mobile Credentials
Argishti Khudaverdyan used phishing and social engineering to fool T‑Mobile employees into giving him access to corporate systems.
IRSF Fraud Expert Colin Yates Joins Symmetry Solutions
Symmetry CEO Bill Leahy has expanded his company's portfolio by adding the PRISM fraud intelligence service that Yates supplies to over 60 telcos globally.
Top Security Researcher Explains How to Crash Telco Networks in the Cloud
Karsten Nohl showed how cloud vulnerabilities could let hackers progress from spying on messages to taking down entire networks.
When Telcos Defraud Telcos
Some fraudsters work for telcos. They may even appear to be a good employee with an impressive record for delivery. How should a fraud manager handle them?
Is Flash Calling a Fraud?
Businesses like Whatsapp are intentionally using the A-number of calls that are not connected as a free mechanism for passing data to apps on a user's phone.
Ericsson Djibouti Corruption: Cleared or Acquitted?
There was plenty of evidence that Ericsson paid bribes to secure business in the East African state of Djibouti. However, Swedish prosecutors still failed to prove their case.
Vigilante Used Traffic-Pumping Fraud to Pay for Denial of Service Attacks on Robocall Scammers
US telecoms fraud can be so convoluted that just describing the crime gives you a headache.
Scammer Made $100mn Importing Fraudulent Cisco Equipment from China to US
Onur Aksoy is charged with selling knock-off Cisco equipment that had been disguised in China to look like the latest tech.
Half of All Australian Scams Begin with Voice Calls
Losses to scams increased by 84 percent in 2021 but there was also a 50 percent reduction in the number of phone scams reported.
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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