APPLYING THE 80/20 RULE TO TELECOM FRAUD

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

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

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 […]

PROTECTING THE CFO – THE SIMPLE SOLUTION TO REVENUE LOSS THROUGH FRAUD

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

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 […]

REVENUE ASSURANCE: AN INSTRUMENT OF GROWTH

Chief Financial Officers (CFOs) or Finance Directors (FDs) play a pivotal role at company leadership level, helping to make crucial financial decisions and leading the execution of those decisions. They also know that accounting – the backbone of measuring business performance – is a black art of sorts, masquerading as a science. By adopting a […]