As long you you trust your FR SP, there is no concern more than for leased lines.
The technique of attacks would be the very same as for leased line. That is, someone taps at the telco distribution box in the street, or an insider does that within SP premises.
Once this remote possibility becomes a concern, you turn on IPsec encryption and definitely slam the door into attackers nose.
hope this helps, please rate post if it does!