Why a $600mn Crypto Heist Is Bad News for Telcos and Banks
Public ledgers mean criminals can take cryptocurrency without revealing who they are, but everyone can still see where it went.
AB Handshake Is SWIFT for Telecoms
In the 1970’s bankers worked out how to use secure messaging to prevent any discrepancies when making international transfers. The same method would work for international calls.
Will Bankers Force Telcos to Hire Chief Risk Officers?
When a telco that is also a bank appoints a CRO for its banking activities this begs a question about why it does not have a CRO for the rest of its business.
Managing Fraud Risk during a COVID-19 Shutdown
With fewer staff available, but a heightened need to maintain services, telcos and banks may suffer more fraud attacks. Business continuity plans should explicitly cover the management of fraud.
Three UK Partners with Callsign for Banking Verification
The partnership will use the telco’s data to better protect customers from banking frauds.
Indian Court Forces Tata Docomo to Compensate Bank Fraud Victim after SIM Swap
The telco unsuccessfully tried to blame the customer’s losses on his bank’s security procedures.
Our Problem Is with SMS, Not SS7
When seeking to reduce crime, the content of a message is as important as the security surrounding that message.
Indian Telco and Bank Ordered to Compensate SIM Swap Victim
All of the stolen money will now be refunded to the customer, more than three years after it was taken.
Why India Is Racing Ahead with Know Your Customer Biometrics
Shankar Palaniandy of FRS Labs talks about the Indian national ID database and its impact on customer verification and services.
Should Telcos Verify Customers Using Their Banking Identity?
Banks verify prospective customers using the online identity they maintain with other banks. Telcos could do the same.