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Banking Cybercrime Soars in South Africa - SABRIC 2023 Report

Banking Cybercrime Soars in South Africa - SABRIC 2023 Report

Cybercrime in South Africa surged by 45% in 2023, with financial losses nearing R3.3 billion, according to SABRIC’s annual report. Banking app fraud saw an 89% rise, while online card fraud grew 19%. SABRIC stresses the need for stronger partnerships.

UK: Ofcom launches investigation into whether Tismi failed to prevent misuse of its phone numbers by scammers

UK: Ofcom launches investigation into whether Tismi failed to prevent misuse of its phone numbers by scammers

This investigation falls under an enforcement programme, launched earlier this year, looking specifically at phone and text scams. The aim of this Programme is to support best practice in relation to the use of phone numbers and to ensure that providers are following Ofcom’s rules.

Exposing Telecom Operators Double Standards: The Legal and Ethical Dilemma of ITR Bypass and Grey Routes

Exposing Telecom Operators Double Standards: The Legal and Ethical Dilemma of ITR Bypass and Grey Routes

Telecom operators exploit grey routes and ITR bypass to cut costs and boost profits, ignoring legal and ethical violations. These practices dodge standard rates, undermine global regulations, and obstruct law enforcement, creating a double standard that threatens the telecom industry's integrity.

Sim Swap: Arrest made in SEC hack resulting in bitcoin price spike

Sim Swap: Arrest made in SEC hack resulting in bitcoin price spike

SIM swapping is a global threat that demands urgent attention from telecom operators and regulators. Cybercriminals exploit weak security in mobile networks, bypassing authentication to steal identities, access sensitive data, and cause financial damage.

Europol Celebrates 10 Years of Cybercrime Takedowns: Major Operations Highlighted During Cybercrime Week

Europol Celebrates 10 Years of Cybercrime Takedowns: Major Operations Highlighted During Cybercrime Week

J-CAT’s objective is to drive intelligence-led, coordinated action against key cybercrime threats and targets by facilitating the joint identification, prioritisation, preparation, initiation and execution of cross-border investigations and operations by its partners.

UK OFCOM: Countdown to a safer life online

UK OFCOM: Countdown to a safer life online

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.

CYBER ALERT: Iranian cyber actors’ brute force and credential access activity compromises critical infrastructure

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.