Fraud in the Digital Experience Era – Telecommunications

Europol’s European Cybercrime Centre estimates that global telecommunications fraud costs roughly $33 billion, however the true cost likely exceeds even that grandiose figure. Telecommunications fraud has become a misnomer because thieves attack the interconnectedness among people and industries. With telecommunications services, particularly mobile, providing the means through which nearly all industries serve their customers, thieves are finding and exploiting vulnerabilities with no regard for arbitrary industry boundaries.