Phone hacking has been in the news a lot recently. But did you know that phone hacking is not confined to accessing individuals’ voicemails on their mobile phones?

The hacking of telephone systems, otherwise known as “phreaking”, “toll fraud” or “dial through fraud”, is a very profitable business for criminal gangs. The global cost of phone system fraud during 2011 was estimated at over $4.5 billion and is often linked with terrorist organisations. As one of the top 5 countries where phreaking occurs, this sophisticated form of fraud is currently costing UK businesses around £1.3 to £1.5 billion per annum.

Sponsored Content


Comments


Log in to comment or register here.

Three Key Voluntary Policies for Women

Today 4 in 10 women are the sole or primary breadwinners for their families,¹ and they do more than twice the amount …
Subscribe

Fred Leo: BizSugar "Contributor of the Week"

Are you eligible to be our BizSugar "Contributor of the Week" on Facebook? Fred Leo is! So give him a big … More
Editor's Picks

It's time to up your game with video on BizSugar!
Post your small business video to BizSugar today!
Have you tried BizSugar's new video posting feature?
Did you know you can now post video on BizSugar?