Telecom fraud is no longer a peripheral cost of doing business. It is, in fact, the second-largest source of revenue leakage after churning. The Communications Fraud Control Association’s latest survey shows that worldwide losses climbed 12% year-over-year to $38.95 billion in 2023, wiping out roughly 2% of carrier turnover. Behind those numbers is a perfect […]
Tag Archives: application fraud detection software
Cost of Fraud Detection Software Development – A Complete Breakdown
It is true that we live in a world more digital and interconnected than ever before. However, one cannot ignore the fact that the increasing number of digital transformations around us has brought about a significant rise in the types and number of cyber frauds. For businesses, especially within the financial, healthcare, and e-commerce sectors, […]