Tag: two factor authentication
Users Only Allowed Banking Apps on One Device; Transaction Limits for New App Users in Nigeria
The Central Bank of Nigeria has demanded new anti-crime controls on mobile banking.
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.
4 Rogue Base Stations Linked to KT Micropayments Fraud; 2 Chinese Nationals Arrested
There is also news about Brazil training teams to locate SMS blasters and research for China's Supreme Court revealed a loophole in their laws.
Switzerland and South Korea Investigate Suspected Fake Base Station Frauds
The Swiss NCSC believes a fake base station is being used for a typical SMS blaster scam while South Korea's government believes a base station was used to intercept 2FA SMS messages meant for the victims of a recent fraud.
New Zealand SMS Blaster Smishing Fraud Had Chinese Connections
A young man that impersonated leading banks by driving an SMS blaster around Auckland was given a light sentence because the judge thought he had hurt his chances of renewing his student visa.
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.
How eSIMs Can Be Used for SIM Swap Fraud
A story from Slovakia illustrates how scammers will trick people into losing control of their phone by switching to an eSIM.
Malaysian Cyber Command Warns Against SMS for Multi-Factor Authentication
The National Cyber Coordination and Command Centre highlighted the criminal use of mobile malware and SMS blasters.
Singapore Banks to Phase Out OTPs
The banking authorities want customers to authenticate themselves via tokens on their mobile phones.
Twilio Breach of 33mn Phone Numbers Is Gift to Social Engineering Fraudsters
The data was compromised via an insecure API for Authy, the two-factor authentication app owned by Twilio.
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.
Will SIM Swap Fraud Cause Voters to Oppose National Digital ID?
Australia's One Nation party cited a recent SIM swap when arguing against government centralization of digital identities.
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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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