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Telecom CEO, FL company plead guilty to $100m in Lifeline fraud

Q Link Wireless of Dania Beach, Florida and its CEO, Issa Asad, have both pleaded guilty to defrauding the federal Lifeline program that provides discounted connectivity services to low-income people, in a scheme that stole more than $100 million from the program over about...

Rosenworcel proposes new rules on authentication to prevent SIM swapping

Rules would focus on preventing fraudulent transfers of phone numbers In an effort to prevent SIM swap and port-out fraud, FCC Chairwoman Jessica Rosenworcel is proposing new rules focused on ensuring that carriers authenticate that a phone service belongs to a particular user before allowing...

Reader Forum: Smart fraud scores help CSPs onboard customers, stop ‘fraudsters’

Fraud remains a significant risk for communication service providers, but the right tools can help prevent issues and speed up the onboarding of new customers Today’s business environment is fraught with identity theft, data breaches and overall fraud exposure. Communications service providers are particularly vulnerable to...

Reader Forum: Mobile fraud – are the new attack frontiers really invisible?

Argyle Data parcels out insight from a recent report to study the impact new and emerging mobile fraud types on operator revenues The overall reported cost of fraud was reported as down from $46 billion in 2013 to $38 billion in 2015, according to the...

Reader Forum: Telcos turning to biometrics to stop fraud before it happens

With every week bringing the latest and greatest smartphone offering, the mobile marketplace continues to explode. And those who make their living as fraudsters couldn’t be happier. According to a survey of telecommunications fraud and security experts, estimated global fraud loss in the industry for...

EMEA: PT investigated for fraud, may delay vote on Altice deal

Portuguese authorities said they conducted a search of Portugal Telecom's offices as part of a fraud investigation. Newspaper Diaro Economico reported that the PT shareholder assembly to approve the sale of PT assets to France's Altice could be delayed because an audit of PT's relationship...