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How a single text could protect mobile phone users from $30,000 fraud

Priscilla du Preez/Unsplash Number porting fraud is rare in New Zealand but can have a devastating impact. (File photo) Government cybersecurity agency CERT NZ puts the average financial loss from these attacks at $30,000. The fraud involves an attacker requesting a transfer of the victim’s number to their own SIM card on a new provider. Once they have access to the victim s number, the fraudster can take advantage of the two-factor authentication used by banks to authenticate logins and large money transfers. NZ Telecommunications Forum communications director Andrew Pirie said number porting was introduced in 2007 to make it easy for consumers to retain their existing phone number when changing mobile providers.

Telecommunications Industry Supports Commerce Commission Review Into Consumer Dispute Resolution Scheme

Friday, 23 April 2021, 9:28 am The telecommunications industry is looking forward to engaging with the Commerce Commission over the coming months on its review of the Telecommunications Dispute Resolution Scheme (TDR), the New Zealand Telecommunications Forum (TCF) said today. TDR is an independent service, free for residential and small business customers, which helps consumers resolve complaints with their telecommunications provider. Due to recent changes to the Telecommunications Act, the Commerce Commission is required to review the TDR scheme at least once every three years. The Commission published an issues paper today and has to complete its review by 13 November 2021. “We believe there is always room for improvement, and we hope this

Business Scoop » Telecommunications Industry Supports Commerce Commission Review Into Consumer Dispute Resolution Scheme

Press Release – NZ Telecommunications Forum – TCF The telecommunications industry is looking forward to engaging with the Commerce Commission over the coming months on its review of the Telecommunications Dispute Resolution Scheme (TDR), the New Zealand Telecommunications Forum (TCF) said today. … The telecommunications industry is looking forward to engaging with the Commerce Commission over the coming months on its review of the Telecommunications Dispute Resolution Scheme (TDR), the New Zealand Telecommunications Forum (TCF) said today. TDR is an independent service, free for residential and small business customers, which helps consumers resolve complaints with their telecommunications provider. Due to recent changes to the Telecommunications Act, the Commerce Commission is required to review the TDR scheme at least once every three years. The Commission published an issues paper today and has to complete its review by 13 November 2021.

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