By Alan Percy, CMO @TelcoBridges
According to the Communications Fraud Control Association (CFCA), telecom fraud has cost service providers and enterprises upwards of $22.9 Billion in lost revenue or subscriber losses. Fraud is not just about lost revenue, but unfortunately, is all too often a source of illicit funding to international organized crime syndicates and terrorist groups. Many service providers and enterprises never realize they have been the victim of a fraud scheme until the end of the monthly billing cycle. By then it’s too late and the damage (or loss) is done.