OTT is fast becoming a massive threat to telcos’ revenue management, the effect of which is clearly evidenced by double digit revenue loss for operators in 2014. What is the OTT threat? Over-the-top (OTT) applications – apps and services that offer a service over the Internet, bypassing...
By Andy Gent 29th April saw the release of a new mobile payment system, Paym, which allows users to send and receive money using just a mobile phone number. There is no need to remember account details or card numbers and to receive a payment you don’t...
By Dilip Mistry Mobile banking is big business. Users are set to exceed 1 billion by 2017, up from 590 million last year, a 15% representation of global subscribers. The end of this month signalled the release of Paym (more on that later), the Banking and Finance...
by Dilip Mistry Finnish Company Codenomicon along with Google researcher Neel Mehta have recently discovered a flaw in OpenSSL, a form of the web-based encryption technology Secure-Socket-Layer (SSL) and Transport-Layer-Security (TLS). The technology is used widely all over the Internet to encrypt sensitive personal data with...
by Dilip Mistry According to the Communications Fraud Control Association’s (CFCA) most recent fraud loss survey one of the most common types of fraud reported by operators, accounting for $6.11 Billion (USD) losses, is roaming fraud. Whether inbound, where calls are received on a different network than...
by Andy Gent Cold calling is a nuisance, to the point that many people simply do not answer calls from numbers that they do not recognise or that do not display. With the growth in automated calls, this issue just gets more frustrating. But there is...
by Andy Gent The latest bank account-raiding Trojan, Hesperbot, includes element to persuade users to install a mobile malware component of the software onto Symbian, Blackberry and popular Android smartphones. The software, which has been reported infecting computers in the UK and throughout Europe is distributed through...
By Dilip Mistry Online and mobile banking has brought a new level of convenience to consumers world-wide and the growth of mobile payments, particularly in the developing world, has created new opportunities for commerce to be transacted. However, this also generates new opportunities for fraudsters. The Times...
Our attention was drawn to an article published by Norfolk Police in the UK regarding another mobile phone fraud scam. An elderly man received three mobile phones in the post. He had the good sense to contact the network operator that had sent these and advise...
According to recent research funded by the EU and the German government, and reported in The New Scientist, mobile phones give off a unique set of variations within their radio signal which has the potential to be employed by law enforcement to track any handset. Though...