Red Letter Day in Saudi for MCP Fraud Team!!
A record day in Saudi Arabia yesterday – MCP’s fraud investigations team were kept busy tracking a total of 14 fraud attacks, affecting 14 different services. The spate of payment fraud was triggered from one malicious APK on the Mobily network.
The app, Swing Wallpaper, with a 2.4 rating on the Play Store and over 100,000+ downloads – is a wallpaper app. Once the user downloads the app, it sleeps for a week or more, before swinging into life and generating the fraud. While MCP’s Shield anti-fraud system was not breached by the attack, the malicious APK did manage to get through two known anti-fraud systems – we are too polite to mention which…
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MCP Insight is a UK based compliance and fraud monitoring company, specialising in mobile gateway traffic. Our clients include Mobile Operators, Regulators, Aggregators and Merchants. We’ve been providing solutions to the mobile payments industry across 30 territories for the past six years.