MTN, Vodacom, Telkom, Cell C lose R199m to South Africa subscription fraud

Telecommunications companies in South Africa, including MTN, Vodacom, Telkom, Cell C, and Liquid Telecom, have collectively lost approximately R198.9 million ($12.5 million) to subscription fraud. The fraud involves unauthorized deductions or manipulations of subscription services. This loss highlights the growing challenge of cybercrime in the telecom industry. The companies are expected to enhance their security measures to combat such fraudulent activities.

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