Oct 8, 2024
Top Telecom Fraud Trends for 2024 & How to Prevent Them
Telecom fraud is constantly emerging with various trends and is chinese malaysia phone number list becoming a major threat. Recently, a Southern California resident lost $21,000 due to SIM swapping fraud after cybercriminals took control of the phone number to access a bank account. Different types of fraud are on the rise as fraudsters exploit telecom vulnerabilities.
As the telecom industry grows, so does the need for robust fraud prevention strategies.
To navigate this, it’s essential for organizations to stay informed and prepared. In this blog, we’ll explore the top telecom fraud trends for 2024 and practical solutions to safeguard your business.
Five telecom fraud trends of 2024
Let's explore current trends in the telecom industry and how fraud detection and prevention solutions can safeguard your organization.
1. AIT accelerated A2P fraud
Artificial Inflation of Traffic (AIT) is a type of fraud that affects the Application-to-Person (A2P) SMS path. Traffic is artificially increased to generate revenue. Fraudsters utilize bots to boost traffic and send fake one-time passwords (OTPs) to manipulate conversion metrics and create false revenue streams.
