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. […]
Artificial Intelligence to help tackle fraud
Fraud poses a serious threat to banking and financial institutions globally. With the finances of consumers and corporations at stake, many organisations are investing in ground-breaking technology to help prevent fraud. One area of technological innovation that these institutions are exploring is artificial intelligence (AI). For example, MasterCard has recently announced the launch of Decision […]
Customer data leaked in Three Mobile Hack
Mobile network provider Three has come under pressure after it was revealed that more than 130,000 customers had their account details stolen by cyber-criminals, who then used the information to fraudulently purchase high-value smartphone handsets in their victims’ names. The company, which has nine million customers in the UK, admitted that fraudsters had accessed its […]
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 […]
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 […]
The Risks of Social Engineering
According to the latest figures, Facebook—the world’s most popular social network—has 1.51 billion active mobile users. For fraudsters and cyber thieves, this is a huge market for potential social engineering fraud. Internet security firm BullGuard defines social engineering as “the use of deception and manipulation to obtain confidential information. It is a non-technical kind of […]
The IoT revolution: A new type of fraud
According to a recent report from Gartner, there will be 30 billion smart devices connected to the internet by 2020. Meanwhile CEO of Cisco, John Chambers believes that this figure could reach 50 billion, opening up the way for a new $19 trillion Internet of Things (IoT) industry. Inevitably, as the IoT revolution is set […]
New EU regulations may result in increased SIM Box Fraud
From June 2017, mobile roaming charges will be completely abolished within the EU, meaning consumers will be charged the same rate for using their mobile phone in the EU as they would be if they were at home. Whilst this landmark announcement is great news for mobile phone users, the new regulations could have a […]
The Rise of Mobile Advertising Fraud
With more than 2 billion smartphone users globally, spending on mobile advertising has increased dramatically as marketers look to capitalise on the growing mobile market. But as advertising revenue is diverted away from desktops, the battle against fraudsters has gone mobile too. According to research by eMarketer, worldwide mobile advertising spend will surpass the $100 […]