Q4 FY23

Telecom Fraud Alerts

Important Updates

➡️ Total suspected fraudulent numbers reported in January, February, and March: 36,421

➡️ Number of countries reported for fraudulent traffic in January: 125

➡️ Number of countries reported for fraudulent traffic in February: 73

➡️ Number of countries reported for fraudulent traffic in March: 89

Source: Subex's MS Center of Excellence (CoE)

Top 10 Fraudulent Traffic Destinations

Source: Subex's MS Center of Excellence (CoE)

Top Fraud Incidents Reported By Fraud Type

Source: Subex's MS Center of Excellence (CoE)

Telecom Frauds Reported

Malaysian loses RM1 Million in 14-second scam call

Lee received a call from someone claiming to be from Poslaju, a courier service in Malaysia. After hanging up on the call, there was an unauthorized withdrawal of RM1 million from his account.

SOURCE LINK

Mt. Juliet man loses $3,500 to  spoofing scam

A Mt. Juliet man was scammed of $3,500 from a spoofing call. The call appeared to be from the non-emergency line of the Wilson County Sheriff’s office, claiming he was the deputy.

SOURCE LINK

Teen loses $25,000 after falling for phone scam

The victim received a text from her bank warning of a transfer attempt from her account. Seeking help, she was then tricked into transferring all her savings to another account.

SOURCE LINK

SIM Box Fraud: Two fraudsters from India held

Two men have been arrested for using SIM cards fraudulently to route international calls as local ones and bypass international call rates and tariff charged by network operators.

SOURCE LINK

Our Recent Case Studies

Case Study 

Batelco uses Subex's solution to combat SIP Trunk hacking

SOURCE LINK

Case Study 

Dropping the Mask: Facing the repercussions of Spoofed Calls

SOURCE LINK

Case Study

Leading Middle East operator selects Subex for holistic risk management

SOURCE LINK

Case Study 

African operator uncovers mobile money fraud, saves USD 3 million

SOURCE LINK

Analyst Mentions

Subex's HyperSense Fraud Management has been mentioned in the Gartner's Market Guide for AI Offerings in CSP Customer and Business Operations

SOURCE LINK

Our Recent Blogs

Telcos must do more than just shake off SMS fraud.

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Telecom Fraud Management: Lessons from 2022 & trends to watch out for in 2023.

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Authentication in a ‘Flash’: The Opportunity of Flash Calling.

READ MORE

For all previous fraud alerts click on the following link: https://www.subex.com/fraud-alerts/
Get in touch with our experts to know more about dealing with telecom frauds.