Stopping Telecom Fraud in its Tracks

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.

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