London Thief Exploits Yet Another Flaw with SMS OTPs
A serial criminal is taking phones from gym lockers and using them to remove thousands of pounds from bank accounts.
Aussie Telco KYC Failures Prompt Large Fine
Circles.Life was given an AUD199,800 fine and will pay another AUD100,000 to compensate customers after failing to perform identity checks that would have stopped frauds.
LAPSUS$ Stole Source Code from T‑Mobile US
Security researcher Brian Krebs reviewed leaked Telegram chats between two childish members of the LAPSUS$ hacker-extortion gang.
MTN Ghana Insiders Amongst Five Arrested for Attempting $280,000 SIM Swap Frauds
The gang had already stolen GHC200,000 (USD27,000) before they were caught using mobile apps to make three more bank withdrawals.
Australia Considers New Rules to Prevent SIM Swaps
The Australian Communications and Media Authority (ACMA) wants telcos to use multi-factor authentication for all ‘high risk’ customer interactions.
Police Take Down the ‘Favorite’ VPN of Criminals
Safe-Inet advertised its ‘bulletproof’ virtual private network services on black hat forums.
Account Takeover Specialists SpyCloud Close $30mn Investment Round
SpyCloud identifies vulnerable online accounts by checking them against their library of compromised credentials.
UK Mobile Network Introduces African-Style SIM Swap Control
EE’s platform allows other businesses to check if a customer’s SIM has been replaced, or whether their calls are being diverted.
Safaricom API Warns Banks about SIM Swaps
Banks and other businesses can safeguard against account takeover fraud by checking if a customer’s SIM has recently been replaced.
Thefts Force Suspension of Jap Mobile Payment Service on Third Day after Launch
Criminals took control of 900 accounts for a new payments app from the Japanese operators of 7-Eleven convenience stores.