|Telecom fraud is a lucrative criminal business. Toll-fraud and phone hacking is a multi-billion dollar industry; in fact, it is more than double that of credit card fraud. According to the Communications Fraud Control Association (CFCA) 2013 survey, fraud departments reported, on average, 117% more cases per month since 2011 – most heavily impacting North American and Western European providers. To quote Willie Sutton, one of America’s most prolific bank robbers, telecom hackers today seem to “go where the money is...and go there often.”
Fraud is a risk that providers understand – and expect. CFA reported that the top fraud loss categories reported by operators were subscription fraud, PBX hacking, account take over/ID theft and Voice over Internet Protocol (VoIP) hacking. The good news, however, is that many operators today realize that deploying Session Border Controllers (SBCs) can protect their networks from unauthorized access and theft. In fact, 88% of service provider respondents in a 2012 Infonetics survey rated security as the most important SBC function.
Is your network “where the money is” for hackers? Are you concerned about the security of your network and worried about the impact fraud will have on your business? You don’t have to be. Find out how to prevent “bank robbers" from accessing and stealing your real-time communications services by using an SBC – the most secure, seamless communication platform on the market today