Tag: internal fraud
137 Staff to Work in South Korea’s 24/7/365 National Telco-Banking Police Scam Response Center
Legislators will also emulate compensation schemes in Singapore and the UK that require businesses to reimburse customers who lose money to fraudsters. This comes after the hack of SK Telecom prompted a large fine and promises to ramp up security.
50 Customers of French Bank Hit by Insider SIM Swap Scam
An intern at Société Générale is believed to have facilitated the theft of more than EUR1mn (USD1.15mn) from the bank's customers.
Huge Increase in Internal Fraud Investigations within Vodacom Group
631 staff and contractors were dismissed following a 16-fold increase in investigations of alleged fraud and irregularities.
T-Mobile Staff Receive SMS Messages Offering $300 Per SIM Swap
Telcos have often played down the significance of breaches of employee data. They should be talking about controls to stop employees colluding with fraudsters.
SIM Swapping Telco Manager Paid $1,000 Plus a Percentage for Each Fraud
A 42 year old man from New Jersey facilitated the takeover of accounts belonging to five customers of his telecoms company.
A True Story about a Corrupt Fraud Investigator and a Sex Pest
Telcos need to employ trustworthy investigators because crime occurs within companies as well as to them.
Regulating Telcos Like Banks, Ghost Accounts, SIM Swaps and Bananas: Episode 5 of The Commsrisk Show
The theme of our April 12 broadcast was the risk and regulatory implications of telcos providing financial services.
State-Owned Zimbabwean Telco Shaken by Multiple Internal Frauds
Insiders at mobile network operator NetOne have been accused of a string of enormous frauds involving stolen vouchers and airtime.
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?
MTN Ghana Insiders Amongst Five Arrested for Attempting $280,000 SIM Swap Frauds
The gang had already stolen GHC200,000 (USD27,000) before they were caught using mobile apps to make three more bank withdrawals.
LAPSUS$ Ransom Gang Proves It Is Easier to Hack People than Computers
The arrest of an English teenager who offered $20,000 bribes to big telco insiders shows security paradigms do not fit the facts.
Insider IT Procurement Fraud at South African Operator May Have Been Worth over $35mn
Cell C is said to have been ripped off by 83 inflated invoices submitted by external contractors and approved by Cell C's Executive Head of IT.
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The Commsrisk Global Fraud Dashboard
Our Global Fraud Dashboard uses AI-powered search to collate, update and visualize data about scams and other network abuses from around the world. New charts are added each month. See it here.
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