Facebook
Twitter
LinkedIn
WhatsApp
Email

SILICON REPUBLIC: IRISH START-UP XINTEC TACKLES TOLL TROLLS TO SAVE MOBILE TELCOS BILLIONS

23rd February 2016 

Irish start-up XINTEC has good news for the world’s mobile operators ahead of Mobile World Congress: it has found a solution to the €10bn-a-year International Revenue Share Fraud (IRSF) problem that is taking a toll on mobile operators all over the world.

IRSF occurs when fraudsters use stolen SIMs or SIMs obtained using false identities to take advantage of international premium rate numbers and rack up millions of euros of cross-border calls that operators are obliged to pay termination fees for.

In 2015, the Communications Fraud Control Association (CFCA) commissioned a report that found an increase of 497pc in IRSF, which cost more than €10.7bn last year alone.

The problem is the rise in the number of fraudsters scamming networks via international premium rate numbers.

Read the full siliconrepublic.com article here

Defeating SIM Box Fraud in Somalia. A unique operator perspective.
Presented by Adnan Dahir, Senior Manager, Telesom. REGISTER FOR WEBINAR...
Coronavirus – the blueprint for a better world?
To our knowledge, at no time has the history of...
The challenges of software development in early stage companies.
By Yann Le Roux Falvey Startups and smaller companies often...
Xintec appoints Nikki McElligott as support and operations lead
XINTEC has announced the appointment of Nikki McElligott as Support...
Tips For Aspiring Entrepreneurs – By Sean Killeen
Some years ago, as I was involved in getting the...