5 Reasons to Fear 2023
Imagine the worst that can happen with modern networked technology. Then imagine worse still. A lack of imagination has already led to an Orwellian turn down a very dark path.
How Telcos Could Lose Billions from Ultrafast Transactions
James Zhong stole USD3.3bn in cryptocurrency by executing many rapid withdrawals from online accounts.
UK Police Failing to Gather Evidence from Huge Backlog of Mobile Phones
An independent assessment found more than 25,000 devices are just waiting to be examined by British cops.
Zeus OTP Malware Trail Leads to Russian Cyberwarfare
The ‘JabberZeus’ cybercrime group were behind a wave of frauds that relied upon intercepting one time passwords sent by SMS.
New Catalog of Telecoms Fraud Now Available
Geoff Ibbett released version 0.1 of the RAG Fraud Catalog just in time to present it at RAG Sydney. The subsequent response from telcos has been enthusiastic.
Why We Should Stop Talking about Silver Bullets (and the Lack of Them)
Sometimes important questions receive answers that are not really answers.
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.
Another Bad US Proposal Wants More Punishment for Telcos Instead of Punishing Robocallers
The FCC wastes time on bad data from biased lobbyists when the universal answer to crime is to punish the criminals responsible.
US Government to Give Prosecutors 3 Years of Cyber Crime Training
Deputy Attorney General Lisa Monaco wants a stream of new prosecutors with experience of fighting cyber crime across borders.
Cloned Voice of Company Director Used for $35mn Bank Theft, Says UAE Police
The company’s banker was fooled by an AI simulation of the director’s voice plus emailed instructions to transfer money.