Tag: fraud

Elon Musk Says Twitter Lost $60mn a Year Because 390 Telcos Used Bot Accounts to Pump A2P SMS

Twitter accounts were created solely to generate revenue for telcos from two-factor authentication SMS messages.

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.

Do Indian Police Raids Signal Change of Attitude to Scam Call Centers?

India's Central Bureau of Investigation said they acted on intelligence from foreign police, including the US Federal Bureau of Investigation.

Why We Should Stop Talking about Silver Bullets (and the Lack of Them)

Sometimes important questions receive answers that are not really answers.

When Telcos Defraud Telcos

Some fraudsters work for telcos. They may even appear to be a good employee with an impressive record for delivery. How should a fraud manager handle them?

Half of All Australian Scams Begin with Voice Calls

Losses to scams increased by 84 percent in 2021 but there was also a 50 percent reduction in the number of phone scams reported.

New Callback Scam Is Based on Misleading Voicemails

This fraud will be difficult to detect because it challenges assumptions about how fraudsters work, even though it relies on an old psychological ploy.

The Teflon Dons of Telecoms

The first part in a series about holding telecoms bosses accountable for corruption features the stories of Kurt Hellström and Carl-Henric Svanberg, two former CEOs at Ericsson.

UK Regulator Delays STIR/SHAKEN Decision; Pretends to Launch an Anti-Scam ‘Crackdown’

37 pages of Ofcom waffle could have been reduced to a few sentences saying they hope somebody else will tell them what to do.

Vodafone UK Reports 76% Drop in SMS Scams after Implementing Firewall

18 million fraudulent SMS messages were blocked during the first full month the firewall was operational.

Orange CEO Resigns Following Fraud Conviction

Stéphane Richard was given a one-year suspended sentence relating to the misuse of public funds in 2008 whilst he was an aide to French Finance Minister Christine Lagarde.

Security, Fraud and RA Losses Worth $149bn in 2021 per Survey of Comms Providers

Security breaches caused most leakage for comms providers, whilst RA-style leakages were worth almost double the value of fraud.

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