Aussie Telco KYC Failures Prompt Large Fine
Circles.Life was given an AUD199,800 fine and will pay another AUD100,000 to compensate customers after failing to perform identity checks that would have stopped frauds.
South Africa Seeks to Reduce Number Port Fraud
The South African regulator may demand an extra verification code be added to the porting process, but not everyone agrees that phone hijacking is linked to bank fraud.