Telcos would need to fully compensate victims if banks met their obligations but the telco did not block malicious SMS messages.
The financial sector is making all banks uniquely identifiable; the same methods could stop all imposter fraud by phone and internet.
The app provided by online bank Monzo tells customers the name of the member of staff currently trying to call them.
Numeracle’s “Model Standards for Know Your Customer” is available as a PDF from the FCC, or in Word format from Numeracle’s own site.
Luckily, the mother had the composure to verify her vacationing daughter was actually safe and well.
We need groups like the Global Solutions Council to seek a working consensus on how to make international phone calls safe.
Pierce Gorman of Numeracle, and formerly of Sprint, explained how RCD will encourage people to pick up important calls again.
The operators want to authenticate subscribers when they use online services provided by other businesses.
The ‘big four’ mobile operators in the USA intend to deliver a common secure authentication service by the end of the year.
The ability to create a substitute finger shows why even biometric controls need to be supplemented by other lines of defense.