The hidden cost of subscription fraud
Subscription fraud ‘disappearing acts’ have economic, human and reputational consequences. What were initially isolated cases have now become a systemic industry issue for telecommunication companies worldwide. In fact, the CFCA reports an approximate $2.03 Bn. lost to fraud every year due to subscription fraud through impersonation. Other variants of subscription fraud through applications and ‘credit muling’ contribute an additional $1.93 Bn. and $1.75 Bn. respectively.
