Most Brits think it is up to tech firms to stop scams
UK telco watchdog Ofcom has published new research highlighting the scale of Internet scams, and whose job it is to tackle them.
Telecoms.com
fraud
The rise of scam calls and the ‘Holy Grail’ of telecoms
Britons are getting hit with more dodgy calls and texts than ever before, prompting Ofcom to nudge the telco industry into doing something about it. We spoke to Eli Katz, CEO, XConnect about what can be done to bat away the spam.
Ofcom demands telcos do more to block dodgy calls
UK comms regulator Ofcom has introduced new rules compelling operators to identify and block calls that could be scams.
Ericsson and Hiya develop new system to combat spam and fraud
Kit vendor Ericsson and has teamed up with ‘call performance management cloud’ firm Hiya to build Call Qualification, an AI based tool to help operators identify incoming spam and fraud calls.
PwC fined £1.75 million over BT audit following ‘fraud in its Italian operations’
Financial services firm PwC has been slapped with a fine by the Financial Reporting Council over its work in auditing BT, following the identification of fraud in its Italian operations.
Ofcom pushes reporting services after summer of scams
The vast majority of UK consumers received suspicious phone calls or text messages this summer, according to Ofcom, which is now pushing reporting services to help mitigate telecoms scams.
Ofcom action makes a difference on ‘follow me’ fraud
Ofcom’s move to tackle the questionable money-spinning opportunity inherent in the 070 virtual phone number system has had a positive impact on fraud, according to new data from BICS.
UK steps up efforts to tackle smishing
No, that’s not a typo. Smishing refers to phishing over SMS, which is apparently on the increase as SMS fraudsters seek to exploit COVID-19 text alerts.
Mobileum grows assurance profile with WeDo acquisition
Mobileum has announced it will acquire risk and business management solutions provider WeDo Technologies, bringing together two of the bigger names in this niche segment.
Court rules companies can be sued for collecting biometric data without consent
Perhaps this is a reminder of how quickly the technology world evolves; it’s not only regulations which need to catch-up but business practises as a Supreme Court opens the door for privacy lawsuits.
Huawei CFO charged with hiding connection to Skycom, which worked with Iran
The bail hearing for Huawei CFO Meng Wanzhou has revealed she is charged with concealing ties between her company and another that violated US trade sanctions.
Crime moves upmarket as fraud becomes the UK’s number 1 offence
New research from Experian claims fraud is now the UK’s most common criminal offence, much to the dismay of thugs and hoodlums everywhere.
US and Spain the main originators of mobile fraud – Syniverse
A lot of mobile fraud exploits roaming vulnerabilities and two countries in particular seem to facilitate it.
Operators will lose millions through SS7 protocol weakness – report
Mobile operators and their will lose millions of dollars to fraudsters as rogue surveillance companies, confidence tricksters and identity thieves increasingly exploit the weaknesses of a decades old telecoms protocol, its claimed.
WeDo looking for Asian partner
Flushed with success from the acquisition of US-based Connectiv Solutions, Portuguese revenue assurance specialist WeDo is now looking for an acquisition target in Asia.
Operators losing $58bn on poor billing systems, finds report
The mobile industry lost more than $58bn in 2011, due to inadequate operator billing systems, according to a report published this week. The figure, which represents over six per cent of operators’ global revenues, was attributable to inadequate fraud management and revenue assurance processes, according to Juniper Research. And it is a figure that currently looks set to grow.
Keeping a close eye
Former Vodafone UK CTO Chris Burke talks about the importance of employee monitoring within mobile operators as the quantity of sensitive customer data held by the operators increases exponentially.
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