Tag: fraud
Unfortunately, fraud is a fact of life in telecoms, and a growing problem when it comes to international voice services which generally enjoy higher termination rates. Of course, the frequent and routine transfers of significant sums of money between operators is another key reason and the pressure on margins throughout the industry has persuaded less […]
ITEM: The severity of digital fraud in Asia-Pacific is not only bad, but it’s also getting worse as adoption of digital services increases. What’s worse – that’s having a negative effect on consumer trust, especially for telcos. And they may not even know it. That’s according to the ‘Digital Trust Index’, part of the Fraud […]
The telecoms sector is expanding its services around the world with faster connections and more connected devices. However, new services create not just new revenue opportunities but also associated risks for operators. The challenge is to secure the upside, while at the same time, minimise potential losses incurred via fraudulent activity. One of the main […]
According to a recent study, despite an increase in spending and investment in deterrence tactics and detection tools, insider attacks continue to cause harm to all types of organizations. The report conducted by Haystax, suggests that, although funding is increasing, inadequate resources are being allotted to predictive risk analytics — a critical component of mitigating […]
HONG KONG (Reuters) – Hong Kong police are struggling to deal with digital pump-and-dump schemes targeting brokerages – a little-known type of computer-generated fraud that surged in the Chinese territory last year. Although the money involved was small – only about $20 million worth of shares – there were 81 such incidents reported in 2016, […]
“We will take the risk” – the words that no fraud or security manager wants to hear from their CFO or management team. Often this statement will be made by a person who has no idea what that risk is, and would not think of justifying this decision with a formal risk assessment. If they […]
I love the BBC’s Money Box programme with Paul Lewis and I listen to it every week. A recent episode included what, I’m afraid, has become an all-too-familiar story. Paul Lewis hears from a listener who built up savings of £180,000 over more than ten years in business, only to have it all stolen from […]
When it comes to fraud, three things are undeniable. First, fraud is now more sophisticated than ever before. Fraudsters provide 24/7 customer service support to stay competitive and to differentiate themselves. The value of a stolen credit card is less than a pound/dollar/euro. Yet 20 years ago, it was worth flying boxes of them out […]
I was relaxing watching the marvellous BBC programme “Rip Off Britain” the other day. It was a live episode [online here] featuring the noted and venerable British television celebrity Gloria Hunniford. The subject of the programme was bank security and it featured Gloria herself investigating how she was ripped off by bank fraudsters. Basically, a […]
News highlights for 18 September Tokyo gamers slapped down for virtual groping TOKYO (Reuters) – Virtual reality got a little too real at the Tokyo Game Show on Friday when gamers lined up at one exhibition and got touchy-feely with a mannequin that with VR goggles transformed into a female anime character. The show’s organizer told […]
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