Tag: account takeover
How OXIO Delivers What Banks Want and What Mobile Network Operators Won’t
Enterprise customers including banks and payment providers want mobile services that are more secure and more suited to their requirements.
The 6-Year Anniversary of the First Kenyan SIM Swap API
Mozambique's telcos implemented SIM swap APIs even earlier, but the comms industry is not good at praising, remembering and copying anti-fraud innovations for their own sake.
New Danish Content Filter Blocks 3.8mn SMS Messages in First Quarter
In separate news, a Danish smishing fraudster was extradited from Australia and given a 42-month prison sentence for stealing DKK7.9mn (USD1.2mn)
Spanish Supreme Court Holds Bank Liable for Losses Following SIM Swap
The decision could establish a precedent that affects telcos as well as banks across the EU.
Celebrity Wrestler Blames Racist Crypto Tweets on AT&T SIM Swap Fraud
A.J. Styles is the latest in a long line of VIPs who blame the American mobile operator for giving control of their phone accounts to criminals.
Aussie Police Arrest Suspected Number Porting Fraudster
A Melbourne man is alleged to have succeeded in porting 44 phone numbers belonging to other people by submitting 193 different porting requests.
Spanish and Portuguese Police Arrest 54 Vishing Scammers
The crooks stole EUR2.5mn by combining scam phone calls with visits to the homes of victims.
Twilio Breach of 33mn Phone Numbers Is Gift to Social Engineering Fraudsters
The data was compromised via an insecure API for Authy, the two-factor authentication app owned by Twilio.
Aussie Police Discover ‘Evil Twin’ Free Wifi Harvesting Personal Data at Airports
Passengers at airports serving Melbourne, Perth and Adelaide were tricked into revealing their email and social media login credentials.
Two Men Extradited from Malaysia to Singapore over Android Malware Bank Account Thefts
A 7-month investigation also led to arrests in Hong Kong and the closure of a scam call center in Taiwan.
Teenage SIM Swappers to Be Retrained as IT Pros; Kenya’s Bold New Anti-Fraud Plan
The Chief ICT Officer of Bomet County has 52 acres for new facilities where school drop-outs will learn about IT and e-commerce instead of being recruited to cybercrime.
8-Year Prison Sentence for SIM Swapper
Amir Hossein Golshan must also pay USD1,218,526 in restitution. His crimes include hijacking the account of a successful Instagram influencer and using social engineering to steal cryptocurrency.
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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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