Communications Fraud Control Association - CFCA - Announces Results of Worldwide Telecom Fraud Survey; Survey Results Suggest Link between Telecom Fraud and Terrorism.Business Editors/High-Tech Writers PHOENIX--(BUSINESS WIRE)--May 8, 2003 Phoenix-based Communications Fraud Control Association (CFCA CFCA Chicago Film Critics Association CFCA Christian Foundation for Children and Aging CFCA Communications Fraud Control Association CFCA Central Florida Corvette Association CFCA California Fire Chiefs Association ) today announced the results of a comprehensive survey that estimates annual telecom fraud losses worldwide. In contrast to the organization's previous (1999) estimate of $12 billion, CFCA now considers annual worldwide telecom fraud losses to be in the range of $35 - $40 billion U.S. dollars. "The results of this survey confirm that telecom fraud is a more lucrative criminal business than we initially thought and that the problem is getting worse," explained Clemmie A. Scott, Jr., CCSP CCSP - Contextually Communicating Sequential Processes , CFCA President. "CFCA is committed to raising awareness Raising awareness is a common phrase advocacy groups use to justify a particular event, brochure or even the entire organization. Raising awareness refers to alerting the general public that a certain issue exists and should be approached the way the group desires. of this worldwide problem and providing a forum for educating and sharing information among telecom providers." Telecom fraud is the use of telecommunications products or services with no intention of payment. Telecommunications fraud negatively impacts everyone, including good paying customers. The losses increase the companies operating costs operating costs npl → gastos mpl operacionales . While telecom companies take every measure to stop the fraud and reduce their losses, the criminals continue their attacks on companies with perceived weaknesses. Because of this, companies keep confidential their actual losses and their plans for corrective cor·rec·tive adj. Counteracting or modifying what is malfunctioning, undesirable, or injurious. n. An agent that corrects. corrective, n measures. Full disclosure may be viewed as a challenge to the criminals. Due to the sensitive nature of the problem, CFCA conducted a confidential opinion survey of telecom companies in 26 countries. Although CFCA is not permitted to release the detailed results of the survey to the public, the association is pleased to provide a summary of the findings: -- 80% of the telecom companies surveyed said that global fraud losses have increased -- 45% of the respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. confirmed that telecom fraud has trended up within their own company -- Subscription fraud and Identity (ID) Theft continue to be the most common types of telecom fraud -- PBX/PABX/Voicemail fraud and Calling Card fraud are prevailing With respect to the causes of the growth of telecom fraud, some telecom providers did report that global fraud losses had partly risen due to an increase in worldwide terrorism. Terrorist organizations embrace telecom fraud to generate funds by illegally gaining access to a network and then reselling the service. About CFCA CFCA is a not-for-profit global educational association that is working to combat telecommunications fraud. The mission of CFCA is to be the premier international association for communications fraud control education and information. By promoting a close association among telecommunications fraud security personnel, CFCA serves as a forum and clearinghouse of information pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to the fraudulent The description of a willful act commenced with the Specific Intent to deceive or cheat, in order to cause some financial detriment to another and to engender personal financial gain. use of communications services. For more information, visit CFCA at www.cfca.org. |
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