How much cost Fraud?

Telco Fraud: The global annual loss to the Telecoms industry from fraud is currently estimated by the CFCA (Communications Fraud Control Association) to be $29.2 billion Telecoms network fraud is constantly evolving as criminals develop and optimise increasingly more sophisticated techniques to defraud operators and evade detection. Interconnect agreements, international trading agreements and to some extent regulatory bodies make it difficult to prevent criminal elements from receiving the proceeds of their fraudulent activities.