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Society loses over half a billion kroner every year to digital fraud

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The National Communications Authority (Nkom), together with Økokrim and Finans Norge, has established a group of experts on combating digital fraud. The group is led by Johannes Vallesverd, senior advisor at Nkom.

— Norwegian telecommunications network owners, under pressure from Nkom, suspended and blocked over 100 million telephone connections a year. Anti-fraud systems are constantly improving and authorities cooperate well at national and international level in a concerted effort to reduce fraud. However, the human and social consequences of fraud are extensive and we must continue to fight fraudsters, says Vallesverd.

Also read: Transport companies as co-responsible for good security of cargo during transport

Finanstilsynet recorded losses in banks resulting from fraud amounting to over NOK 600 million last year. Almost half of them were fraudsters using social manipulation. Indicates a fraud where the victim has been tricked into carrying out a fraudulent transaction, such as an account transfer.

“Common ones include SMiShing on SMS, Messenger and Whatsapp, and email phishing, where fraudsters 'fish out' information and try to trick victims into taking actions such as clicking on a link and providing sensitive data, says Vallesverd at Nkom.

– We also see many cases of spoofing or illegal manipulation of phone numbers. Foreign career scammers almost always call, and spoofed numbers may belong to innocent third parties, says Vallesverd

Nkom fears that the high number of frauds will lead to a decline in trust between users and companies offering digital services.

Extensive fraud pressure may lead to reduction trust between people. Between us as users and companies offering important digital services. This is trust that all participants must fight to maintain. It is therefore positive to note that telecommunications companies, banks and customers are stopping a huge number of fraud attempts, says Johannes Vallesverd.

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Source: National Communications Authority

Also read: New regulations strengthen consumer protection

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