Today, fraud within the telecommunication domain is creating difficult obstacles for the industry. Regardless of the upsurge in technology and the operator’s awareness of different types of frauds, the industry is still facing problems, as shown in the recent survey held by “Communications Fraud Control Association”, which estimates that a cost of $40 billion arises from fraud within the telecom sector. In today’s challenging, competitive, and uncertain business environment, mitigating fraud is becoming crucial for telecom operators as many continue to experience revenue losses in the millions annually. As operators provide increasingly diverse, high margin services, they will continue to experience uncertainty in handling complicated types of frauds, which are increasing dramatically.
Operators will have to face a great challenge due to a continuous increase in fraud.