Wangiri Fraud: The Shape-Shifting Telecom Scam That Is on the Rise
What it is - how it works - and what you need to know to protect yourself.
Wangiri, also known as ‘callback’ or ‘one-ring’ fraud, has cost the telecom industry over $2.2B (USD) in 2021. It’s been a known threat to retail subscribers for years but is evolving to impact businesses in general. In fact, in the second quarter of 2021, these callback attacks on businesses increased by 20% compared to the same period the year prior. As fraudsters become ever more sophisticated, this threat continues to grow and spread worldwide.
Fortunately, the industry is taking Wangiri seriously, creating technology solutions, policies, and legislation that enable operators can play a leading role in protecting consumers and businesses from Wangiri fraud.
Learn how Communications Service Providers (CSPs) can utilize Neustar Number Intelligence and Robocall Mitigation to fight back and protect their customers.