Two Maltese operators suffered losses of USD32,300 after Vodafone Greece SIMs were used to make calls to unallocated UK numbers.
Telcos have good reason to use social media to gather data about users. However, even governments find it hard to assess the risks of placing too much reliance on that kind of data.
The lucrative nature of telecoms equipment crime is demonstrated by the profits seized from one British gang.
Two different stories about the beneficiaries of fraud reveal how little is really known by either telcos or law enforcement.
The Director of Ghana’s Cyber Crime Unit says fraudsters have attempted to defraud half of the country’s mobile money users.
The successful conviction of a criminal gang should be taken as confirmation of how stupid people really are.
One of the people arrested blamed engineers at MTN headquarters for taking advantage of weak IT security.
The voice interface of the Amazon Echo leads to recordings being transmitted and stored on Amazon’s servers. The police, and others, may want that data.
The Risk & Assurance Group has been busy encouraging the prevention of fraud. Two prominent British anti-fraud organizations were invited to reach out to members.
Dave Morrow believes the UK police underestimate the scale of telecoms fraud.