A new study from Juniper Research has found 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. In turn, it predicts
fraudulent data traffic will account for 80% of global operator
roaming-based losses by 2024.
As 2G and 3G networks are sunsetting, operators are accelerating the
transition to 5G and VoLTE roaming services to leverage the high levels
of virtualisation and lower operational costs. However, the highly
virtualised nature of 5G networks is creating more opportunities for
fraudsters to deploy their attacks; leaving operator networks open to
emerging fraud tactics over 5G networks.
The new report: Global Roaming Fraud Market 2023-2028, part of Juniper Research's Roaming Market Intelligence Centre, offers the most reliable source of data for the market. Download a free sample.
5G Roaming Agreements Necessitate Novel Fraud Mitigation
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. An example is the rise in
5G subscription fraud, whereby fraudsters create new subscriptions with
false information; incurring roaming charges without intending to pay.
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. This will enable
operators to minimise fraudulent activity; reducing the impact on their
roaming revenue.
View the Roaming Fraud market research: https://www.juniperresearch.com/researchstore/operators-providers/roaming-fraud-market-research-report