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MEF Anti-Fraud Yearbook 2024
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MEF Anti-Fraud Yearbook 2024

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Unmasking the Mobile Fraud Landscape: The MEF Anti-Fraud Yearbook 2024

In the fast-paced world of mobile technology, fraudsters are constantly evolving their tactics, leaving businesses and consumers vulnerable. The MEF Anti-Fraud Yearbook 2024 is your essential guide to understanding and combating the latest threats in the mobile ecosystem.
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Inside, you'll discover:

  • The Year in Anti-Fraud: A comprehensive overview of the market, highlighting key trends, emerging threats like AI-powered scams, and the financial impact of fraud on a global scale.
  • MEF's Anti-Fraud Initiatives: Learn how MEF and its members are leading the fight against fraud through events, publications, data analysis, and collaborative efforts with regulators and industry partners.
  • Market Impact and Forecasts: Get the latest data on fraud losses, consumer trust, and the growing market for anti-fraud solutions.
  • Expert Insights: Gain valuable perspectives from industry leaders on topics like number intelligence, GenAI, network security, and the importance of collaboration.
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Why download the MEF Anti-Fraud Yearbook 2024?
  • Stay ahead of the curve: Understand the latest fraud tactics and equip yourself with the knowledge to protect your business and customers.
  • Gain actionable insights: Learn from industry best practices and discover effective strategies for fraud prevention and mitigation.
  • Join the fight against fraud: Connect with MEF and its members to collaborate on solutions and build a more secure mobile ecosystem.
Don't let fraudsters win. Download the MEF Anti-Fraud Yearbook 2024 today and empower yourself with the knowledge to safeguard your business and the mobile industry.
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Key Takeaways

    • The financial impact of fraud is staggering

    The report highlights that fraud losses reached a staggering $1.026 trillion in 2023, representing 1.05% of global GDP. This underscores the urgent need for effective anti-fraud measures.

    • Mobile fraud is a major concern

    The report reveals that 61% of survey respondents reported phone call scams, and 58% reported attempted mobile message scams, emphasizing the role of mobile devices in fraud.

    • The telecom industry is heavily impacted

    The Communications Fraud Control Association study indicates that 2.5% of all telecommunications revenues, amounting to $38.95 billion, were lost to fraud in 2023.

    • Ad fraud remains a persistent problem

    Juniper Research estimates that 30% of mobile ad spend was lost to fraud in 2023, costing marketers a substantial $84 billion.

    • AIT is a growing threat

    The report reveals that Artificial Inflation of Traffic (AIT) accounted for approximately 5% of all international A2P traffic in 2023, resulting in losses of $2.4 billion for brands between 2022 and 2024.

    • Consumer trust is eroding

    MEF's 10th Annual Trust Study found that 47% of consumers received spam texts in 2023, and 67% now actively avoid sharing their personal data, highlighting the impact of fraud on consumer confidence.
[nectar_single_testimonial testimonial_style="basic_left_image" image="142135" quote="“Solutions based on the power of phone number intelligence data provide one of the most advanced fraud-fighting tools available today. Central to their anti-fraud capabilities is access to real-time, granular, and normalised phone number intelligence data, enabling carriers to reliably and accurately validate phone numbers from any country in the world to screen for potential fraud.”" name="Bradley Greer" subtitle="VP of Data Solutions and Product at netnumber."]

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