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Ethio-telecom mulls over preventing telecom fraud

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Addis Ababa, October 15, 2018 (FBC) –Ethio-telecom has said works were underway to prevent telecom fraud.

In an exclusive interview with FBC, Firehiwot Tamiru, CEO of Ethio-telecom, said her company loses huge amount of foreign currency income because of international call fraud.

Ethio-telecom reported a loss of 2.5 billion birr because of fraud committed last Ethiopian fiscal year alone.

In order to prevent such crimes, the company has conducted security audit and the result indicated that there many gaps, she said.

The company has introduced a new technology to prevent telecom fraud last weekend and the new technology has borne fruit and boosted foreign currency income of the country in the past few days alone, she noted.

Data shows that telecom companies worldwide lose over 30 billion US dollars to telecom fraud every year.