Nigeria, March 24 -- The findings, based on data from the Nigerian Communications Commission, show that despite increased investments and awareness efforts by telecom operators, fraud remains a major challenge across mobile networks.



Globally, telecom fraud losses have surged, with experts warning that Artificial Intelligence is changing the game. While the technology offers new detection tools, it is also enabling fraudsters to scale attacks more quickly, using tactics such as phishing messages, SIM swap schemes, and identity impersonation.



The report highlights how telecom networks have evolved beyond communication services to become critical infrastructure for banking and digital payments. This shift has made them a key target...