Scams

Nadejda Papernaia, the CEO of AB Handshake

Lyon, France – A worldwide crackdown on social engineering fraud has seen scammers identified globally, substantial criminal assets seized and new investigative leads triggered in every continent.

According to fraud prevention body Cifas, identity fraud has reached ‘epidemic levels’. Statistics show that 89,201 cases of identity fraud were registered from January to June this year, the highest

$38 billion. That’s how much telecoms fraud is costing the industry annually. Scams that originated from calls initially took the form of impersonators. But, says Graham Moore, product director at