Telecoms Fraud: Market Insights Report

February 2021

Abstract

The COVID-19 pandemic has dramatically accelerated the migration to a digital-first world, resulting in an increase in international telecoms fraud. It’s estimated that the global telecoms industry’s losses due to fraud are now running at US$32.7 billion a year, equivalent to between 2% and 3% of total annual service revenue. This report walks through the current telecoms fraud landscape and the solutions being built on Corda to tackle fraud.