Report by Juniper Research

Fraud is escalating in scale and sophistication – Global losses are projected to exceed $65 billion annually by 2029, with CNP fraud and account takeovers driving the majority of damage. Traditional tools like SMS-based authentication are increasingly ineffective.

Real-time network signals are critical – Telecom data such as SIM swap activity, roaming status, device identity, and number porting events provide unique signals that can help banks and fintechs stop fraud before it happens.

Collaboration between telecoms, banks, and regulators is essential – Countries leading the fight against fraud (e.g., the UK, Germany, Canada) show that joint frameworks, AI-driven monitoring, and shared intelligence significantly reduce risks and protect both consumers and enterprises.

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