A large-scale fraud campaign leveraged fake trading apps published on the Apple App Store and Google Play Store, as well as phishing sites, to defraud victims, per findings from Group-IB.
Ofcom has already secured better protections from UK-based video-sharing platforms, including OnlyFans and other adult sites introducing age verification; BitChute improving its content moderation and user reporting; and Twitch introducing measures to stop children seeing harmful videos.
Since October 2023, Iranian actors have used brute force, such as password spraying, and multi-factor authentication (MFA) ‘push bombing’ to compromise user accounts and obtain access to organizations. The actors frequently modified MFA registrations, enabling persistent access.
The Global Leadership Forum (GLF) Fraud Report 2024 reveals significant strides in the telecom industry’s fight against fraud, highlighting that nearly 64% of carriers have made fraud prevention their top priority, up from 39% in 2023.
Telecom fraud remains a significant global threat, affecting consumers, businesses, and the integrity of communication networks. Despite the widespread impact, governments, law enforcement, regulators, and telecom operators are not addressing the issue with sufficient urgency.