Telecom Fraud Guide: International Voice Fraud in the Next Decade
Telecommunications providers are combatting fraud — and winning — by adopting a more sophisticated, proactive approach. High-tech crimes like telecom fraud can be profitable, global operations. In fact, annual losses due to international voice fraud attacks amount to billions of dollars every year. It’s a costly challenge, made even more difficult by its constantly evolving nature.
Fraud isn’t limited to any region, it’s both automated and perpetrated by live actors, and it happens to providers of any size. It hurts the bottom line of business, certainly; but it also hurts individual consumers whose own communications, information, and funds can be compromised.