Tag: OTP
AI Needs RA More than RA Needs AI
SMS farms are being used to gain API access to the Claude LLM at one-tenth of the correct price. There has always been more to learn about revenue assurance than corporations care to learn.
Philippines to Phase Out SMS OTPs for Bank Transactions
The country's central bank is also imposing other anti-fraud obligations that will affect telecoms.
Woman in Scam Compound Given Punishment Exercise until She Dropped Dead
The human cost of corporate indifference is greater than the financial cost.
United Arab Emirates Transitions from SMS OTPs to App-Based Authentication for Bank Transactions
Emirates NBD, a leading bank in UAE, will be ready to switch customers to app-based authentication just four months after the Central Bank of UAE mandated change.
The Role of Telecoms’ Murky Intermediaries Highlighted by Bloomberg Article
Information shared by a whistleblower has drawn some attention to the creepy-crawlies that lurk in the dark recesses of the comms sector.
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.
SMS Blaster Drivers Paid $68 Per Day: Four Arrests for Maxis Smishing Scam
Police also seized two SUVs that were used to carry the SMS blasters around Greater Kuala Lumpur. In other news, Thai law enforcement shut down a gang that operated 642 simboxes across 11 locations.
Singapore Banks to Phase Out OTPs
The banking authorities want customers to authenticate themselves via tokens on their mobile phones.
Google Stops Demanding Users Give a Phone Number for SMS 2FA
A change of policy at the internet giant signals the inevitable decline of one time passwords sent by SMS.
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.
Indian Central Bank Looks at Alternatives to SMS OTPs for Authenticating Payments
Governor Shaktikanta Das of the Reserve Bank of India also wants digital currency to work offline, but his plan means issuers could place programmable limits on what money can buy.
EUR42K Fine to Orange Spain for Asking Two Instead of Three ID Questions of Social Engineering Fraudster
The telco was tricked into forwarding a customer's calls, leading to a debatable GDPR decision.
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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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