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.
Kroll Report Says TMT Firms More Likely to Experience Significant Fraud by External Parties
The survey also found that technology, media and telecoms (TMT) businesses suffered less internal fraud.
5 Ways to Heat Up Your Fraud Hotline
Whistleblowing hotlines are a good source of intelligence, but staff need to be encouraged to use them.
How to Mangle a Revenue Assurance Story
The purchase of an RA solution by Safaricom causes a journalist to confuse his readers and draw all the wrong conclusions.
Former BT CFO Loses $675K Bonus After Failing to Spot Fraud
A very rich former exec who worked at BT for over 20 years will have slightly less money to spend during his retirement.
The Security Threat Is Inside Your Business
Insurance brokerage Willis Towers Watson found that two-thirds of US cybersecurity insurance claims were prompted by the abuses or negligence of employees.
Cox Communications VP Pleads Guilty to Multimillion Dollar Fraud
Former marketing exec Janet West told her assistant to purchase fictitious services using the assistant’s corporate credit card.
Safaricom Sets Example by Firing 52 Fraudsters
Finding fraud may be considered bad news, but it is good news that a leading African telco is leading the way by being so transparent.