Risk, Fraud & Security
A Breakdown of the CFCA Fraud Survey Results
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.
How Many Telcos Did the CFCA Global Fraud Survey?
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.
GLF Wants Global Anti-Fraud Enforcement and Data Sharing
The 2019 Fraud Report from the ITW Global Leaders' Forum presents an ambitious but credible plan to defeat fraud.
Positive Press for MTN South Africa’s Anti-SIM Swap Solution
South African banks can use MTN's Subscriber Identity for Third Parties (SIFT) system to check if a SIM was recently changed.
New Wangiri Warnings in Italy, Netherlands, Romania, Czech Republic, Trinidad and NZ
October saw unprecedented concern about wangiri fraud from a wide variety of countries.
How Bad Is SIM Swap Fraud?
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.
Real Customer Flagged as Fraudster Because He Wanted Phone Delivered to New Address
Three UK warned other firms that someone was impersonating Dave Parr, but they did not bother to check with the customer.
Kroll Report Says TMT Firms More Likely to Experience Significant Fraud by External Parties
The survey also found that technology, media and telecoms (TMT) businesses suffered less internal fraud.
Tanzanian Telco Settles Two-Year Bypass Case
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.
Growth for Orillion-Powered RAG Wangiri Blockchain
Over 20 firms use the anti-wangiri ledger created by Orillion Solutions and overseen by the Risk & Assurance Group (RAG).
FBI Warns SIM Swapping Has Undermined Multi-Factor Authentication
The US Federal Bureau of Investigation wants businesses to consider using stronger authentication methods like biometrics.
LATRO Shows How to Fight Wangiri
LATRO Services is setting a positive example by promoting the use of the RAG Wangiri Blockchain at their user conference, to be held in Dubai on October 16th and 17th.
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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