In a major regulatory shift, Telstra faces a $1.5 million fine from the Australian Communications and Media Authority (ACMA) due to severe identity verification lapses. This highlights the critical need for strong security measures to counter SIM swap fraud, costing millions annually.
The Federal Communications Commission (FCC) has announced the introduction of a new set of rules aimed at protecting consumers from scams that attempt to take control of their cell phone accounts. FCC Chair Jessica Rosenworcel stated that these rules will ensure individuals maintain their freedom to choose their preferred device and provider while safeguarding them against fraudulent activities.
French operator Bouygues Telecom and US-based TeleSign Corporation, a provider of user verification and Communications Platform as a Service (CPaaS) solutions owned by BICS (Belgacom International Carrier Services), have agreed on a new partnership. Under the agreement, Bouygues Telecom will gain access to TeleSign’s mobile identity products to protect its users from online identity theft and fraud activities such as Account Takeover (ATO) through SIM Swap and Synthetic Identity fraud. In the press release announcing the deal, Ravish Patel, Director of Mobile Identity at TeleSign, claimed that Mobile Identity represents a massive opportunity for mobile operators to play an important role in today’s digital disruption. “TeleSign has been working with mobile operators, guiding them on key aspects around the opportunity, use cases and privacy principles,” commented Patel. The announcement also points to breakthrough innovations in the European digital market in recent years, as more and more digital businesses…
