Fraud and Security

Operators losing millions to spam, claims ex-GCHQ official

Operators stand to lose between $1m to $2m over a one to three day period, as a result of fraudulent SMS campaigns, according to an ex-GCHQ official. Gareth Maclachlan, now COO at Adaptive Mobile, a firm he co-founded, said that cyber-criminals have been carrying out spam and phishing campaigns in the PC/fixed-line internet world for years, but are seeing even bigger opportunities by targeting mobile operators, due to the way the mobile ecosystem is set up.

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