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Fraud

Preventing the dreaded ‘Likely Scam’ label 19 November, 2021

Preventing the dreaded ‘Likely Scam’ label

Chris Botting, chief product officer and general manager at IntelePeer describes how reputation management can enable legitimate enterprises to continue phone communication despite increased calling fraud.

(more…)
Robocall fraud to cost consumers $40bn globally in 2022 27 September, 2021

Robocall fraud to cost consumers $40bn globally in 2022

A new study from Juniper Research has found that consumers will lose $40 billion (€34.22 billion) to fraudulent robocalls globally in 2022; rising from $31 billion (€26.52 billion) in 2021. Fraudulent robocalls pose threats to consumers by encouraging the disclosure of personal information that fraudsters can use for identity theft. In most robocall fraud cases, fraudsters impersonate a genuine brand or enterprise to gain the call recipient’s trust.

(more…)
Online payment fraud losses to exceed $206bn over the next five years 05 July, 2021

Online payment fraud losses to exceed $206bn over the next five years

 A new study from Juniper Research has found that merchant losses to online payment fraud will exceed $206 billion (€173.42 billion) cumulatively for the period between 2021 and 2025.

(more…)
Ribbon advances protection against robocalls and fraud, ensures calls are legitimate 22 June, 2020

Ribbon advances protection against robocalls and fraud, ensures calls are legitimate

Ribbon Communications Inc., a global provider of real time communications software and network solutions to service providers, enterprises, and critical infrastructure sectors, introduced Ribbon Call Trust™, its new identity assurance portfolio. (more…)

New fraud management system auto-connects to RAG’s Wangiri fraud intelligence exchange 07 May, 2020

New fraud management system auto-connects to RAG’s Wangiri fraud intelligence exchange

Neural Technologies, an international provider of revenue protection, digital transformation and data analytic solutions to the telecommunications industry, has integrated its Optimus Fraud Management System (FMS) with the blockchain that powers RAG‘s Wangiri fraud intelligence exchange. (more…)

Fraud in the IPv4 market brings calls for extra precautions from sellers and buyers 27 May, 2019

Fraud in the IPv4 market brings calls for extra precautions from sellers and buyers

Earlier this month the American Registry for Internet Numbers (ARIN), won a critical legal case which set a precedent against IPv4 address fraud. (more…)

Why it’s time to address mobile signaling threats 09 May, 2018

Why it’s time to address mobile signaling threats

Vulnerabilities around the SS7 mobile data network and Diameter have been a nagging and costly problem within the telecoms industry for years, writes Gary Miller, the vice president of Global Solutions at Mobileum.

(more…)

How AI can help in the fight against fraud 12 April, 2018

How AI can help in the fight against fraud

Telecoms fraud is an expensive business, writes Katia Gonzalez, the head of fraud operations at BICS. According to the most recent Global Fraud Loss Survey by the Communications Fraud Control Association, fraud cost the industry a huge US$29.2 billion last year alone. This figure was down by more than 23% on 2015’s total, which is certainly encouraging, but the potential remains for the various types and methods of telecoms fraud to do some substantial financial and reputational damage.

(more…)

Signalling network presents next area of operator weakness as grey routes get locked down 13 February, 2018

Signalling network presents next area of operator weakness as grey routes get locked down

Recent research from Mobilesquared reveals that operators’ failure to secure SS7 networks is costing them messaging revenue today and could see them lose share of the two factor authentication market in future, writes George Malim.

(more…)

Cyberattacks increase in volume and complexity but lack of preparation and skills shortage hampers efforts 09 February, 2018

Cyberattacks increase in volume and complexity but lack of preparation and skills shortage hampers efforts

Recent research into how the heightened security challenges are being addressed by enterprises and service providers have revealed that the cost of cybersecurity attacks is growing at the same time as the frequency of attacks increases, writes George Malim.

(more…)

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