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.

Give millennials a reason to stay - The benefits that can help you retain young talent

Job-changing is fast and furious in the early years of millennials’ careers: Young adults born in the early ‘80s …
Subscribe

Cecil Wampler @CecilWampler Studies Workplace Psychology

You may have sometimes felt your boss, co-workers or employees needed a therapist. But did you know there is a … More
Editor's Picks


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