Risk, Fraud & Security
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.
Fraud Predictions for 2021
There is a difference between predicting the future and knowing what to expect.
$28mn Penalty for Telco and Execs Accused of Fraud
The negotiation of a plea bargain with Tanzania's public prosecutor led to the immediate release of six Vietnamese execs who had been imprisoned for nine months.
Only 19% of IoT Firms Have a Security Vulnerability Disclosure Policy
A new report from the IoT Security Foundation reveals the complacency of many suppliers of networked devices.
Tier 1 Network Pays $500,000 to End Regulatory Investigation into 37-Hour Outage
This is not the first time CenturyLink has paid the penalty for outages that stopped callers reaching 911 emergency services.
The Changing Risk Profile for Revenue Share Numbers
The PRISM database of revenue share numbers keeps needing to be refined to allow for changes in the methods used by IRSF and wangiri fraudsters.
US Regulator Has No Ideas for Reducing Wangiri
Outgoing FCC Chairman Ajit Pai claimed to be acting decisively by reminding telcos to do things that he already told them to do.
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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