This post was originally shared on Somos's website on November 30th Telecom fraud remains a global challenge reveals a new survey conducted by the Communications Fraud Control Association. The recently released 2023 Global Fraud Loss Survey calls attention to the...
Archives - Month: November 2023
Fall Educational Event in Pictures
Some snapshots from the Fall Educational Event in Lake Mary, Florida, hosted by Verizon
Two KNOW Sessions Published!
The first KNOW Session (CFCA Members Only) What’s in a Username How to leverage cultural touchstones to identify fraudulent trends. This discussion will focus on how Spectrum and U.S. Cellular identified and are using indicators for identifying potential fraud. An...
Telecommunications fraud increased 12% in 2023 equating to an estimated $38.95 billion lost to fraud.
Telecommunications fraud continues to impact companies globally, with a 12% increase in fraud loss reported in 2023 as compared to 2021 equating to an estimated $38.95 billion lost in 2023 representing 2.5% of telecommunications revenues. The Communications Fraud...
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