Alleged $14mn SMS Scammer Concedes 3-Year Extradition Fight
New York prosecutors claim Eugeni ‘Zhenya’ Tsvetnenko took the largest share of profits from a premium SMS auto-enrolling scam.
Australia Blocked 214mn Scam Calls in 9 Months
Paul Fletcher MP, the Australian Minister for Communications, says the rising number of blocked calls is proof that the country’s anti-scam strategy is working.
Some Victims of Fraud Are Just Stupid
Fraudsters target stupid people. Anti-fraud programs could learn a lesson from them. (From the fraudsters, not from the stupid people.)
How Safaricom Tackles Mobile Money Fraud
Patrick Kinoti, Head of Fraud at Safaricom, covers multiple aspects of their strategy for protecting M-PESA customers during a short but effective video.
The Real Reasons Carriers Cannot Fix Fraud
Cognitive dissonance leads people to pretend that businesses are committed to reducing fraud even when those businesses resist simple and effective forms of cooperation.
Telco IT Exec Accused of $8.6mn Fraud Following Internal Audit
A former Executive Head of IT at mobile network Cell C was arrested by the serious crimes ‘Hawk’ division of the South African police.
All Leakages and Frauds Suffered by Comms Providers, Ranked by Value
Bad debt topped the tables for the greatest single cause of leakage per the Risk & Assurance Group’s RAFM Survey.
Telco CEO Charged with Fraud after 10-Year Investigation
Shareholder representatives are standing by Juris Gulbis, CEO of Tet, after he was charged with overpaying EUR7.6mn for TV equipment.
Ugandan Mobile Money Services Suspended Following Major Fraud
Stanbic Bank Uganda, MTN Uganda and Airtel Uganda said they faced “unprecedented technical challenges”.
Singapore Tackles Scams By Displaying ‘+’ Symbol for International Calls
Authorities are taking action following a 50% rise in phone impersonation frauds.