How Telecom Fraud Is Becoming More Popular

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How Telecom Fraud Is Becoming More Popular

• BY NETWORK CONTROL
• https//network-control.com/

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The Evolution of Tech and Telecom

• In the last two decades, the way we communicate
  with each other seems to have found no limits,
  whether it be via email, text, chat, voip,
  ecommerce, social media, etc.
• Integrating and protecting all of these forms of
  communication is incredibly complicated and often
  neglected. Hence, the opportunity for fraudsters
  to do their work presents itself.
• As these manufacturers race to offer the best and
  brightest smart appliances for your purchasing
  pleasure, they may be somewhat negligent in
  instilling measures to keep methods of
  communication from those appliances safe, thus
  exposing you to penetration by fraudsters into
  the your larger telecom network.

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The Most Common Types of Telecom Fraud 

• Call Transfer Fraud
• Subscription Fraud
• Internal Fraud
• Call forwarding fraud
• Nontraditional telecom fraud

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Call Transfer Fraud

• This kind of fraud involves penetrating a PBX
  (Private Branch Exchange), and then commandeering
  the services, transferring calls onto the
  hackers own phone service to place free long
  distance connections. The operator of the soft
  switch is completely unable to bill the
  fraudsters phone service, and the charges fall
  back onto the telephone system the PBX belongs
  to.

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Subscription Fraud

• Hackers obtain stolen or made up data. They use
  this data to acquire telecom goods and services
  for free essentially. Eventually they can build
  up identity to obtain credit cards, bank
  accounts, and other lines of credit.

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Internal Fraud

• False answer supervision occurs when fraudsters
  make uncompleted calls look like completed calls,
  therefore incurring a charge.

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Call forwarding Fraud

• Call forwarding fraud involves fake call
  forwarding to phone numbers that accrue charges.

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Nontraditional Telecom Fraud

• Nontraditional telecom fraud involves IoT
  (Internet of Things) in which smart device
  networks are attacked and then exploited to
  retrieve sensitive data such as
  usernames/passwords, account numbers, and credit
  card information.

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