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...
Ofcom has warned mobile phone users to remain vigilant after a significant rise in the number of people falling victim to a premium rate call scam. In recent weeks, the communications regulator has investigated a spate of cases where consumers have been faced with the daunting...
A recent survey by risk management specialists Neural Technologies provides an important but troubling insight into the fraud and revenue loss risks encountered by mobile network operators and other communication service providers. The ‘Telecoms Risk Management Global Survey 2016’ estimates that poor internal processes and procedures...
The mobile app market will have to gear up for the fight of its life against install fraud. The app market is growing, but so too – predictably – is the risk of fraud. In fact, it is becoming so common that it is presenting a...
A new study suggests companies are taking the threat of mobile fraud much more seriously. According to recent research, as mobile fraudsters are becoming more sophisticated, companies too are upping their game. The question is: will it be enough and what can your company do right...
In both the US and in the UK, ‘Black Friday’ and ‘Cyber Monday’ shopping season broke spending records. Amazon sold more than 7.4 million items on Black Friday 2015 (86 items per second!), up from 5.5 million in 2014, giving the online retailer its biggest sales day ever in...
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...
Recently there has been a spate of scams reported in the media using swapping of SIMs to create fraud. A recent example was reported in The Guardian. Whist the media enjoys giving frauds and scams new names, this is essentially little more than a reworking of...
By Andy Gent Part three of the mobile banking series will look at the more traditional methods of fraud targeting phone users universally and how cybercriminals are becoming more sophisticated in their attempts to steal information. This part looks at the more traditional methods of mobile...