GLF's 7th Annual Fraud Report 2024

As the telecom landscape continues to expand and diversify, the sophistication of fraud schemes is growing at an alarming rate. Fraudsters continually find new ways to exploit both emerging technologies and existing vulnerabilities, placing significant pressure on carriers. The impact of these activities is wide-reaching, from financial losses to reputational damage, and threatens the trust that customers place in telecom providers.

The GLF report, compiled and written together with the FTI Delta team, provides information about the rising trend of fraud in the telecom sector, offering insights into the innovative strategies that carriers are implementing to protect their networks and restore customer confidence.

Key findings from this year’s report include:

• Fighting fraud becomes a top priority

• The impact of international voice fraud is decreasing

• Fraud on SMS is still an outstanding task

• Leverage AI in fraud detection

• Expected raise on regulatory scrutiny

Download your copy here.