Phone Fraud

Phone Fraud Every since the Cellular industry come about, it has been a booming business. The industry average revenue is over 20 billion dollars a year. That is 20 billion dollars in America alone. As years pass, everyone knows that the Cellular phone industry is only getting bigger and better due to high demand, cheaper phones, and cheaper contracts. With an industry that is so large and making so much money, there is more chance for fraud. …

…All in all, Phone security is getting pretty slack. Just how the “original” phone was hacked, cell phones with the booming industry will be continued to be hacked. Cellular fraud is a booming theft market, and the more people that jump on the cellular bandwagon, the more fraud we will see. Unless there is a decent encryption scheme in place for phone security, there isn't too much change that we will see in the future.