Globally, telecommunications-fraud losses, which includes cases of mobile-phone fraud, were estimated to hit $72 billion to $80 billion in 2009, up 34 percent from 2005, according to a 2009 survey of security experts from the Roseland, N.J.,-based Communications Fraud Control Association. Hacking alone accounted for $3.2 billion in losses for the telecom industry, says CFCA. What's more, the problems have likely only expanded as smartphone use has escalated. (more)
