crowmoor.se

In an article in a Swedish news paper SMS scams reached new heights. During a tv show collecting money for a charity organization someone, internal or external is unknown, changed the phone number you were supposed to send an SMS to donate money, from the official to a fraudulent. As this phone number recently was involved in a SMS scam during Christmas and New Years Eve I do not believe it is a coincidence. For 21 minutes people donating money sent their money to a scammer that probably laughs all the way to the bank right now.

So what was the problem? Not implementing four eye principle when updating online information. This is actually a very common problem. In most cases this is not a big problem but in an active web shop if someone was to divert the money flow just for a few minutes it would cost quite a lot of money and at least the same amount in investigation costs, bank costs and so on.

Using four eye principle when you handle money has been common practice within finance sector for years. Now this has to be extended to all sectors handling payment flows. Wherever there is money someone will try to steal it.