Risk, Fraud & Security
Second Cell C Exec Arrested for $8.6mn Fraud; Operator Says More Employees Were Involved
Adriaan Pillay is accused of collecting kickbacks from an IT supplier which were then shared with his boss.
Infosys Launches Corda-Based Competitor to the RAG Wangiri Blockchain
Infosys is a USD12bn business attempting to foster anti-fraud collaboration by abusing the trust of a small nonprofit.
Fears That STIR/SHAKEN Will Lead to Blocking of Calls from Small Telcos
The Canadian Chapter of the Internet Society is worried that anti-spoofing rules will create a 'two-tier' telecoms market.
Why Telecoms Fraud Is Like a Virus
Forensic investigator, lawyer and cybercrime expert Jacqueline Fick was the guest for Episode 7 of the current season of RAG TV.
The Real Reasons Carriers Cannot Fix Fraud
Cognitive dissonance leads people to pretend that businesses are committed to reducing fraud even when those businesses resist simple and effective forms of cooperation.
Why the UK’s Supreme Court May Have to Decide If Simboxes Are Legal
The UK could have just passed a law to ban GSM gateways, like other countries do. Layers of bureaucracy made a mess instead.
US Extradites Australian and Chinese for $50mn Premium SMS Billing Scam
The long arm of the American law still pursues more convictions after already imprisoning and fining a series of business executives.
AB Handshake Is SWIFT for Telecoms
In the 1970's bankers worked out how to use secure messaging to prevent any discrepancies when making international transfers. The same method would work for international calls.
Why Are Fair Usage Policies So Inconsistent?
There is a lot of overlap between behavior indicative of fraud and behavior that should be stopped by a fair usage policy.
World’s Largest Dark Web Market Taken Down
DarkMarket was said to have enabled USD140mn of transactions between 2,400 vendors and almost 500,000 users.
Wangiri Warnings in Poland and Paraguay
Based on past experience, it seems the telecoms sector prefers driving consumers away from their phones to driving fraudsters off their networks.
Police Take Down the ‘Favorite’ VPN of Criminals
Safe-Inet advertised its 'bulletproof' virtual private network services on black hat forums.
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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