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Adoption of Blockchain Technology Could Be Answer to 5G Fraud

December 16, 2022 at 09:35 AM EST

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

The telecommunications industry is seeing an increase in phishing attacks as the industry transitions to 5G services, underscoring the need for better security measures. According to a report by the Economic Times, India, which is the second-largest smartphone consumer country, is already facing a rise in the level of telecom-related fraud.

Consumers are eager to use advanced internet services following the commercial rollout of 5G, and fraudsters are exploiting this opportunity to commit telecom financial fraud. The scammers, impersonating telecom employees, send phony emails or texts, promising users a free upgrade to…

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