Fraud Regulation - Telecoms & ICT Fraud

Telecom Fraud

Telecom Industry Sees Progress in Voice Fraud Reduction but Faces Rising SMS Threats, 2024 GLF Report Reveals

The Global Leadership Forum (GLF) Fraud Report 2024 reveals significant strides in the telecom industry’s fight against fraud, highlighting that nearly 64% of carriers have made fraud prevention their top priority, up from 39% in 2023.

Fraud Regulation

Telecom fraud surges as self-regulation & industry bodies fail to protect consumers

Telecom fraud remains a significant global threat, affecting consumers, businesses, and the integrity of communication networks. Despite the widespread impact, governments, law enforcement, regulators, and telecom operators are not addressing the issue with sufficient urgency.

Fraud Regulation

Australia: Tech giants, banks and telcos to face massive fines and compensation for failing to protect scam victims under new laws

Australians reported more than 601,000 scams in 2023 — a record number and an increase of 18.5 per cent on the previous year, costing victims $2.74 billion, according to the Australian Competition and Consumer Commission.