• Home
  • About
  • Contact
  • Advertising
  • Menu Item
  • Menu Item
Commsrisk
  • Risk, Fraud & Security
  • Assurance & Audit
  • Data & Analytics
  • Privacy & IP
  • Digital Money
  • Education
  • Advertising
Latest
  • 24 Jun 2022 | Mobile vs Desktop: How Do You Read Commsrisk?
  • 23 Jun 2022 | The Wangiri Fraud That Was Mostly a Billing Error
  • 22 Jun 2022 | Regulator Warns Telco for Failing to Investigate Spam
  • 21 Jun 2022 | Huge Budget Rise Needed to Replace Chinese Tech in US Networks
  • 20 Jun 2022 | UK Government Proposes Heavy Fines for Spam Calls and Texts
  • 17 Jun 2022 | Saying African Telcos Are ‘Inadequately Prepared’ for Mobile Money Fraud Smacks of Unconscious Racism
  • 16 Jun 2022 | What If China Created a Rival to the US STIR/SHAKEN Program?
  • 15 Jun 2022 | New i3forum-RAG Survey Focuses on International Wholesale Fraud
  • 14 Jun 2022 | Widespread Reporting of Flubot ‘Takedown’ Shows How Little We Really Know
  • 13 Jun 2022 | New GVG National Revenue Assurance Tracking System Launched in Zimbabwe
> banking

Now You Can Buy Bots That Steal SMS OTPs

By Eric Priezkalns 5 Nov 2021 Digital Money

Crooks are selling software that automates social engineering. Bots call targets and ask for one-time passwords that are used to take control of bank, cryptocurrency and PayPal accounts.


Cloned Voice of Company Director Used for $35mn Bank Theft, Says UAE Police

By Eric Priezkalns 1 Nov 2021 Risk, Fraud & Security

The company’s banker was fooled by an AI simulation of the director’s voice plus emailed instructions to transfer money.


Why a $600mn Crypto Heist Is Bad News for Telcos and Banks

By Eric Priezkalns 19 Aug 2021 Digital Money

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

By Nadejda Papernaia 26 Jan 2021 Risk, Fraud & Security

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?

By Eric Priezkalns 15 Dec 2020 Digital Money

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

By Kingsley Unah 14 Apr 2020 Risk, Fraud & Security

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

By Marianne Curphey 24 May 2019 Digital Money

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

By Marianne Curphey 15 Mar 2019 Risk, Fraud & Security

The telco unsuccessfully tried to blame the customer’s losses on his bank’s security procedures.


Our Problem Is with SMS, Not SS7

By Eric Priezkalns 27 Feb 2019 Risk, Fraud & Security

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

By Eric Priezkalns 18 Jan 2019 Risk, Fraud & Security

All of the stolen money will now be refunded to the customer, more than three years after it was taken.


1 2 »

Top Stories on Commsrisk

Mobile vs Desktop: How Do You Read Commsrisk?


The Wangiri Fraud That Was Mostly a Billing Error


Regulator Warns Telco for Failing to Investigate Spam


Huge Budget Rise Needed to Replace Chinese Tech in US Networks



UK Government Proposes Heavy Fines for Spam Calls and Texts


Saying African Telcos Are ‘Inadequately Prepared’ for Mobile Money Fraud Smacks of Unconscious Racism


What If China Created a Rival to the US STIR/SHAKEN Program?


New i3forum-RAG Survey Focuses on International Wholesale Fraud



RAG RAFMCS Survey Results

Watch Eric Priezkalns give his summary of the largest ever survey of revenue assurance, fraud management and cybersecurity (RAFMCS) pros working for communications providers worldwide.

 

Recent Comments

  • Eric Priezkalns Eric Priezkalns 20 Jun 2022
    New Data Shows Big Flaw in STIR/SHAKEN Is Now Even Worse
    You don't need to apologize, Dennis. The only person who was pedantic about the word 'authentication' was me. But I have reason to be pedantic as there is confusion between how the word is used by a...
  • Dennis Dupont Dennis Dupont 20 Jun 2022
    New Data Shows Big Flaw in STIR/SHAKEN Is Now Even Worse
    Sorry if I was being pedantic about that one word. I have been in the business of reading and implementing specs, so I may get hung up on them. Either way I think we have converged onto the root of...

Receive Weekly Newsletters by Email

Email address:


First Name:


Last Name:


Archives
  • ►2022 (125)
    • ►June (18)
    • ►May (22)
    • ►April (21)
    • ►March (23)
    • ►February (20)
    • ►January (21)
  • ►2021 (262)
    • ►December (23)
    • ►November (22)
    • ►October (21)
    • ►September (22)
    • ►August (22)
    • ►July (22)
    • ►June (23)
    • ►May (21)
    • ►April (22)
    • ►March (23)
    • ►February (20)
    • ►January (21)
  • ►2020 (262)
    • ►December (23)
    • ►November (21)
    • ►October (22)
    • ►September (22)
    • ►August (21)
    • ►July (23)
    • ►June (22)
    • ►May (21)
    • ►April (22)
    • ►March (22)
    • ►February (20)
    • ►January (23)
  • ►2019 (261)
    • ►December (22)
    • ►November (21)
    • ►October (23)
    • ►September (21)
    • ►August (22)
    • ►July (23)
    • ►June (20)
    • ►May (23)
    • ►April (22)
    • ►March (21)
    • ►February (20)
    • ►January (23)
  • ►2018 (261)
    • ►December (21)
    • ►November (22)
    • ►October (23)
    • ►September (20)
    • ►August (23)
    • ►July (22)
    • ►June (21)
    • ►May (23)
    • ►April (21)
    • ►March (22)
    • ►February (20)
    • ►January (23)
  • ►2017 (260)
    • ►December (21)
    • ►November (22)
    • ►October (22)
    • ►September (21)
    • ►August (23)
    • ►July (21)
    • ►June (22)
    • ►May (23)
    • ►April (20)
    • ►March (23)
    • ►February (20)
    • ►January (22)
  • ►2016 (271)
    • ►December (22)
    • ►November (22)
    • ►October (22)
    • ►September (24)
    • ►August (24)
    • ►July (21)
    • ►June (24)
    • ►May (23)
    • ►April (21)
    • ►March (25)
    • ►February (22)
    • ►January (21)
  • ►2015 (240)
    • ►December (23)
    • ►November (25)
    • ►October (22)
    • ►September (22)
    • ►August (22)
    • ►July (23)
    • ►June (22)
    • ►May (22)
    • ►April (22)
    • ►March (25)
    • ►February (7)
    • ►January (5)
  • ►2014 (87)
    • ►December (10)
    • ►November (8)
    • ►October (8)
    • ►September (5)
    • ►August (5)
    • ►July (5)
    • ►June (7)
    • ►May (8)
    • ►April (7)
    • ►March (8)
    • ►February (7)
    • ►January (9)
  • ►2013 (100)
    • ►December (9)
    • ►November (8)
    • ►October (5)
    • ►September (10)
    • ►August (8)
    • ►July (12)
    • ►June (10)
    • ►May (8)
    • ►April (7)
    • ►March (8)
    • ►February (8)
    • ►January (7)
  • ►2012 (108)
    • ►December (7)
    • ►November (10)
    • ►October (7)
    • ►September (9)
    • ►August (8)
    • ►July (9)
    • ►June (10)
    • ►May (10)
    • ►April (13)
    • ►March (11)
    • ►February (9)
    • ►January (5)
  • ►2011 (132)
    • ►December (7)
    • ►November (12)
    • ►October (10)
    • ►September (11)
    • ►August (18)
    • ►July (12)
    • ►June (11)
    • ►May (12)
    • ►April (12)
    • ►March (12)
    • ►February (7)
    • ►January (8)
  • ►2010 (95)
    • ►December (6)
    • ►November (7)
    • ►October (5)
    • ►September (5)
    • ►August (5)
    • ►July (9)
    • ►June (5)
    • ►May (16)
    • ►April (11)
    • ►March (11)
    • ►February (8)
    • ►January (7)
  • ►2009 (86)
    • ►December (5)
    • ►November (6)
    • ►October (8)
    • ►September (7)
    • ►August (8)
    • ►July (6)
    • ►June (6)
    • ►May (8)
    • ►April (11)
    • ►March (7)
    • ►February (6)
    • ►January (8)
  • ►2008 (168)
    • ►December (11)
    • ►November (13)
    • ►October (22)
    • ►September (22)
    • ►August (20)
    • ►July (13)
    • ►June (12)
    • ►May (11)
    • ►April (12)
    • ►March (9)
    • ►February (11)
    • ►January (12)
  • ►2007 (144)
    • ►December (11)
    • ►November (9)
    • ►October (16)
    • ►September (14)
    • ►August (16)
    • ►July (16)
    • ►June (10)
    • ►May (10)
    • ►April (9)
    • ►March (12)
    • ►February (11)
    • ►January (10)
  • ►2006 (38)
    • ►December (16)
    • ►November (17)
    • ►October (5)
Editor
  • Eric Priezkalns
    Eric Priezkalns
Leading Contributors
  • Joseph Nderitu
    Joseph Nderitu
  • Michael Lazarou
    Michael Lazarou
  • Rob Chapman
    Rob Chapman
  • David Morrow
    David Morrow
  • Marianne Curphey
    Marianne Curphey
  • Lee Scargall
    Lee Scargall
Recent Posts
  • Mobile vs Desktop: How Do You Read Commsrisk?
  • The Wangiri Fraud That Was Mostly a Billing Error
  • Regulator Warns Telco for Failing to Investigate Spam
  • Huge Budget Rise Needed to Replace Chinese Tech in US Networks
  • UK Government Proposes Heavy Fines for Spam Calls and Texts
  • Saying African Telcos Are ‘Inadequately Prepared’ for Mobile Money Fraud Smacks of Unconscious Racism
  • What If China Created a Rival to the US STIR/SHAKEN Program?
  • New i3forum-RAG Survey Focuses on International Wholesale Fraud
  • Widespread Reporting of Flubot ‘Takedown’ Shows How Little We Really Know
  • New GVG National Revenue Assurance Tracking System Launched in Zimbabwe
  • AML Compliance for High-Growth E-wallet Markets
  • Ex-MI6 Spy Chief Says His Emails Were Hacked; Warns Against Simplistic Interpretation of Russia’s Methods
  • Home
  • About
  • Contact
  • Advertising

Articles copyright © the author, all else copyright © Revenue Protect Limited

We use cookies to remember repeat visits to this website. Click “accept” to give consent or "settings" to avoid non-essential cookies.
.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT