Risk, Fraud & Security
Big Tax Fraud Shows Lax Attitude to Trading Airtime
UK authorities barred a businessman from being a company director for 12 years after his firm contracted to trade GBP43mn (USD52mn) of airtime with a fraudulent enterprise.
US Reg Targets Spoofed SMS and Calls from Overseas
The Federal Communications Commission voted to extend existing regulations so they can also pursue wrongdoers sending SMS messages or originating calls from outside the USA.
AT&T Staff Took $1mn in Bribes to Help Theft of 2mn Phones
A Pakistani citizen has been extradited to the USA after allegedly paying staff to install malware on AT&T phones and IT systems.
RAG Wangiri Blockchain Solution Implemented
Araxxe is the first business to successfully connect with the global anti-wangiri ledger, but a range of telcos and vendors will join them very soon.
Persistent Cyber Attack Targeted Networks for Years
Investigation work by security consultancy Cybereason found that a group of state-sponsored hackers have been gradually infiltrating telco networks since at least 2012.
TMF Drafts Guidance on Security Design for IT
The TM Forum's Open Digital Architecture (ODA) project has written advice on how to assess risk whilst designing security and privacy into IT systems.
US Caller ID Verification Body Seeks Certificate Authorities
To prevent spoofing of caller IDs, the US needs competent organizations to issue digital certificates to telcos.
Telia Blocks a Million Wangiri Calls Per Week
The Swedish telecoms group has developed an anti-wangiri solution that draws on data from across their European opcos.
Agent Smith Malware Infects 25mn Devices
Android devices were targeted by malware that took over other apps and used them to inflate advertising revenues.
Europe Should Act on Call ID Spoofing Now
Andy Rawnsley of the NICC told RAG Bonn about the great work done to reduce nuisance calls in the UK, but European telcos and regulators need to be more proactive about CLI spoofing.
AT&T Introduces Free Auto Blocks on Fraud Robocalls
An FCC decision permits AT&T to use analytics to identify and block likely fraudsters without the permission of the receiving party. However, not all nuisance calls will be blocked for free.
5 Years in Prison for Telco CEO Who Faked Contracts
The boss of an Alaskan carrier forged signatures to make it seem like she had secured valuable wholesale contracts. Previously she worked in risk management.
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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