The UK mobile industry is losing up to £140 million a year on premium rate fraud, according to BillingScore.
It says network operators take around 30% from billing charges to cover fraud and bad debt, which means the cost of fraud affects all the players in the mobile industry, including SMS wholesalers, aggregators, content providers, retailers and consumers.
In this week's edition of The Fonecast we catch up with Bob Sweetlove of HSC. He tells us the secret of winning a Mobile News Award - HSC picked up the 'best airtime distributor' prize earlier this month - and discusses some of the current trends in distribution.
Plus, as usual, we take a look at all the big news stories that affect the UK mobile industry… from developments with the BlackBerry PlayBook to a brand new mobile payment service.