SIM Box fraud and OTT bypass biggest threats to mobile operator revenues
Mobile network operators have lost 20% of termination revenues to OTT hijack in the last 12 months on average, with some operators losing more than 70%, according to a new survey conducted by anti-fraud specialist Revector. SIM Box fraud and OTT hijack remain two of the major threats to mobile operator revenues with more than […]
Tesco Bank hit by major cyber-attack
Tesco Bank has been forced to repay £2.5 million worth of losses after 9,000 of its customers’ accounts were hacked by cyber-criminals, in what banking regulators are describing as an ‘unprecedented attack’. Whilst the National Crime Agency (NCA) begins its investigation in to the attack, it is believed that hackers were able to gain access […]
Government to invest £1.9 billion to improve UK cyber-security
The UK government has pledged to invest £1.9 billion to improve the UK’s cyber-security defences over the next four years, in a bid to stop UK businesses from falling victim to widespread cyber-attacks. The latest research from the National Fraud Intelligence Bureau (NFIB) reports that cyber-attacks have cost the UK economy almost £11 billion in […]
Fraud damaging UK economy
A report commissioned by the National Fraud Intelligence Bureau (NFIB) and fraud prevention group Get Safe Online has revealed from April 2015 to April 2016, cybercrime cost the UK economy a staggering £10.9 billion. The loss equates to £210 for every person over 16 living in the UK, however, it is feared the actual scale […]
New research shows true extent of fraud
The latest research from Financial Fraud Action (FFA) UK shows that a financial scam was committed every 15 seconds in the first six months of 2016. More than one million cases of fraud were recorded between January and June—a 53% increase on the same time period last year. The impact of fraudulent activity is having […]
The threat of OTT bypass is spreading
According to telecommunications research carried out by Revector, a mobile anti-fraud specialist, almost 60 per cent of operators believe that OTT bypass is the single biggest threat to revenues, highlighting the detrimental effect the practice is having on the telecommunications industry. The initial responses to the survey have shown a substantial reduction in revenues as […]
New Regulations for OTT Providers
The European Commission is set to announce stricter regulations for over-the-top (OTT) VoIP providers. Until now, applications such as Viber, Skype and WhatsApp have been able to offer consumers free calling and messaging services via the internet with very little restriction and regulation compared to traditional telecoms companies. However, these OTT providers are also able […]
IoT Security: The Rise of Cyber-Attacks
The latest figures from Cisco predict that there will be more than 50 billion devices connected to the internet by 2020. Research from the Mobile Economic Forum (MEF) shows 60 per cent of global mobile users are concerned about the privacy and security of connected devices. The security of connected devices has come under increased […]
What are the dangers of using Apple Pay?
Ever since its launch in 2015, Apple Pay has dominated the mobile contactless payment arena ahead of its nearest competitors which include Samsung Pay, Android Pay and other NFC payment systems offered by high street banks. A recent report by Bloomberg states the service has more than 12 million active users—but are these ‘digital wallets’ […]
TDoS joins DDoS as further threat to business continuity
With the news earlier this year that two thirds of large UK companies have been hit by cyber-attacks in the past year, the threats to business continuity continue to grow. Most businesses fear a DDoS style attack. This is a co-ordinated attack, typically on a website, that attempts to bring the particular site down by […]