THE Australian Communications and Media Authority (ACMA) has fined telecom provider SpinTel $59,400 after scammers exploited weaknesses in its systems to fraudulently transfer 10 mobile numbers, causing consumer losses exceeding $45,000. SpinTel must now undergo an independent security review and implement improvements. Another provider, Yomojo, received a formal warning for failing to publish required fraud-reporting information. The ACMA has issued six enforcement actions in the past year as part of a broader crackdown on mobile number porting fraud, urging telcos to strengthen security and protect consumers from scams and identity theft.
FRAUDULENT TRANSFER OF MOBILE NUMBERS
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Michael Walls
michael@accessnews.com.au
0407 783 413