Security News > 2023 > September > Global roaming fraud losses to surpass $8 billion by 2028

Losses from global roaming fraud are anticipated to exceed $8 billion by 2028; driven by the increase in bilateral roaming agreements for data-intensive use cases over 5G networks, according to Juniper Research.

As bilateral 5G roaming agreements proliferate, the research predicts operators will deploy more sophisticated fraud mitigation tools.

The greater amount of data that 5G roaming connections generate will require the development of solutions that can detect fraudulent users and traffic over new 5G networks as they evolve.

Until the subscription is cancelled, fraudsters will continue anonymously using 5G roaming data, with operators losing potential roaming revenue.

Research author Rosie O'Connor stated: "Operators must implement 5G-specific signalling detection and firewalls that offer real-time monitoring and ID-registry analysis. Only then, can operators more efficiently identify subscription fraud across 100 million 5G roaming connections predicted globally in 2024.".

Fraud mitigation services will alert operators of any potentially fraudulent activity across 5G networks in real‑time and enable them to identify and block suspicious roaming subscribers.

News URL

https://www.helpnetsecurity.com/2023/09/04/roaming-fraud-losses-2028/