Public Wi-Fi and identity theft
Many of us think nothing of using public Wi-Fi networks to catch up on emails, browse the web or check social media. However, you could be inadvertently giving away more information than you think. Many opportunistic criminals hack public Wi-Fi systems or even create their own networks to access people’s passwords and other private information. […]
More travellers are falling victim to holiday fraud
Action Fraud, the UK’s national fraud and cyber-crime centre, estimates that in 2016 approximately £1,200 was lost per person as a result of holiday fraud. The number of reported cases continues to rise by 20 per cent year-on-year, increasing from 4,910 in 2015 to 5,826 last year. The report also states that 26 per cent […]
New campaign to raise awareness of fraud
Financial Fraud Action UK (FFA UK) has announced the launch of its new Take Five campaign which aims to raise awareness of fraud and provide practical advice for consumers. The scale of fraud in the UK is growing. Official figures released by FFA UK reveal that the overall scale of financial fraud in 2016 was […]
Telecommunications: the battle against fraud
Mobile network operators have long been targets for fraud and revenue risk. The nature of these companies’ businesses mean they generate significant revenues. If revenues are significant, as is the risk of fraud. What frauds should network operators be aware of? And, more importantly, how can they combat them? The Communications Fraud Control Association’s (CFCA) […]
European Commission toughens laws on OTT providers
In recent years, over-the-top (OTT) providers such as Viber, WhatsApp and Skype have steadily increased their presence in the market and their popularity with consumers. Until now, OTT applications have been able to offer users free calling and messaging services via the internet with very little restriction and regulation compared to traditional telecoms companies. Having […]
TalkTalk customers are victims of fraud – AGAIN
In October 2015, TalkTalk suffered a “significant and sustained cyber-attack” that resulted in up to four million customers having their personal data stolen—including bank account numbers, sort codes and credit card details. It remains one of the worst cyber-attacks suffered by a British telecommunications company in recent history. However, it appears fraudsters have struck again. […]
Barclays to introduce new tracking measure to combat fraud
Barclays has pledged to introduce a new tracking service for UK customers that aims to stop stolen accounts being accessed abroad. The opt-in service will track a customer’s location using their mobile phone’s GPS signal and allow bank staff to check if someone is in the same country as their debit or credit card. By […]
Key fraud issues service providers need to know about
The Communications Fraud Control Association’s (CFCA) annual fraud survey provides telecoms fraud managers with an assessment of the key revenue threats from fraud. The latest survey identified the top frauds committed against service providers. $10.76 B (USD) – International Revenue Share Fraud (IRSF) International Revenue Share Fraud has been an issue for more than a […]
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 […]