Telecom fraud on the rise

Sat Jul 10 22:59:37 UTC 2004

http://www.billingworld.com/archive-detail.cfm?archiveId=7575

Fraud continues to pound the U.S. telecom industry with little sign of
letting up. Fraudulent use of networks and theft of services in all
sectors of the telecom industry continue to grow between 10 percent and 12
percent annually. Though accurate fraud figures are nearly impossible to
pin down, between $4 billion and $22 billion is lost each year, and up to
10 percent of a carrier.s bottom line is lost to simple subscription fraud
and other low-tech scams, such as when criminals sign up for service using
fake names.