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.



Comments


Log in to comment or register here.

This Could Be One of the Most Underestimated Employee Benefits

What's more important than salaries at your small business? Small business owners and entrepreneurs sometimes believe they …
Subscribe

Jane Sheeba @janesheeba Replaced Day Job With Blogging

After studying for a PhD in Medical Physics in the UK, Jane Sheeba was set by most people's standards. She returned to … More
Editor's Picks

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