Making a fool of yourself with IoT
My first job with bell labs in 1985 was to work on an application called “automated building management”, a product for controlling the environment and security of large buildings. During an upgrade for a large corporation I trashed a rather sensitive memory board on the server and the application failed. That night the security guards […]
Anti-Fraud Technology – Friend and Foe
A work colleague recently asked me how fraud prevention grows alongside the evolution of technology. As a developer in a company offering a fraud management system, his interest was how we use new technology to improve our fight against fraud. In reality, it is usually the fraudster that is motivated by new technology and the […]
Applying the 80/20 rule to telecom fraud
Also known as the Pareto Principle, the 80/20 rule can be roughly applied to virtually any business need. In the 80/20 rule, organizations are able to get eighty percent of their results using twenty percent of their resources. In sales, 80 percent of all sales may be completed by the top 20 percent of employees. In fraud management, 80 […]
IRSF in 2018 – Same old fraud but new destinations
We have always been aware that while, as an industry, our Fraud and Risk Managers are performing risk reviews, and planning and sharing intelligence to try and stay one step ahead of the fraudsters, those we are planning strategies against (ie. the fraudsters), are doing the same to try and stay ahead of us. Fraudsters […]
How a telecom fraud solution can protect your profits
In 2017 alone, the CFCA estimated that US$29 billion was lost due to telecom fraud. Telecom fraud is four times larger than credit card fraud, yet it’s less often discussed in the media. Telecom companies need to protect themselves through the use of reliable telecom fraud management solutions, if they want to avoid costly surprises for their customers. Most telecom […]
6 steps operators can take to avoid telecom fraud in summer
August is known to be the busiest month out of the year for telecommunications fraud, as criminals take advantage of summer plans and holidays. This summer is likely to bring with it a host of new exploits and attacks – and you must assume that your company will be targeted. This summer telecom operators should spend […]
Protecting the CFO – The simple solution to revenue loss through fraud
Irrespective of a communication providers’ size, a CFO or Finance Director’s nightmare is to have to explain to his executive team, to his shareholders, to his/her own customers, even the general public in some instances, why they didn’t detect an ongoing financial loss or couldn’t prevent a sudden fraud hit. The increase in scale and […]
The value of NRTRDE-out records in the fraud detection process
Roaming revenues have been declining for several years now, and some CSP’s have realised that being accepted as a preferred roaming partner in their home country can generate important revenue to replace that lost through declining outbound roaming settlements. A HPMN will normally have a choice of several VPMN’s in most countries their customers will […]
5 Reasons why smaller telecom operators should look to telecom operators should look to telecom fraud management providers
In September last year, the CFCA published the findings of its latest fraud loss survey revealing that Telecom Fraud has cost the industry an estimated $29.2bn in 2017, which comprises 1.27% of total global telecoms revenue. The good news is that while this is a better result than the previous 2015 survey, the bad news is […]
