Remote access scams are circumventing traditional fraud controls, including device identification, IP geo-location and two factor authentication. In this article, we explore the attributes of these scams, the size of the problem, trends in scam losses and the new mitigation controls that are helping solve the problem.
I don't know anyone who hasn’t received at least one scam call already this year — I received two yesterday alone. In the past two weeks, I've had scam phone calls from Belgium, Uganda, Senegal, Cuba, and Estonia and multiple from Australia. It’s not surprising, then, that phone scams are receiving increased mainstream media coverage, and increased focus from regulatory bodies.