TELECOM FRAUD LOSSES TO TOP USD46bn IN 2013
October 1st, 2013
FRAUDSTERS using telecommunications without paying will cost the global industry around USD46 billion in 2013, according to the USA based Communications Fraud Control Association (CFCA). Based on a worldwide survey, its experts predict such losses this year will be 15% up on 2011 and will represent 2.09% of global revenues.The main reason for the relative increase is more fraudulent activity targeting the wireless industry, says CFCA. The top five countries where such fraud originates ultimately are Latvia, Gambia, Somalia, Sierra Leone, and Guinea. “Telecom ...
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