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News tagged: CFCA

Telecoms is the easy target for fraudsters 20 September, 2018

Telecoms is the easy target for fraudsters

Industries such as retail, payments and financial services have been the obvious targets for cybercriminals for many years, writes Jason Lane-Sellers, the president of the Communications and Fraud Control Association (CFCA) and the director of solution consulting at ThreatMetrix.

(more…)

Service providers and enterprises beware: Industrial-scale telecom fraud is here 20 April, 2018

Service providers and enterprises beware: Industrial-scale telecom fraud is here

Everyone can agree that new problems require new solutions. This is particularly true, says Peter Ford, EMEA regional vice president at iconectiv, for service providers and enterprises hoping to halt the rising epidemic in industrial-scale telecom fraud. (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…)

A week in Telco IT: Tough gig, but someone has to do it! 23 October, 2017

A week in Telco IT: Tough gig, but someone has to do it!

So there I was, discussing subscriber fraud last week in the steamy heat of Miami Beach with WeDo Technologies’ North America VP, Thomas Steagall, says Jeremy Cowan. Outside, it was still hot enough for Factor 35 and we were both trying to concentrate on profit margins. (more…)

Is a certain level of fraud an acceptable cost of doing business? 22 August, 2017

Is a certain level of fraud an acceptable cost of doing business?

Every business, in every area, risks being a victim of fraud. High profile issues such as cyber-attack or DDoS get the headlines, but often it is simpler issues that cause the biggest threat. For the supermarket, it is theft from the shelves or the stolen credit card. (more…)

Telecoms fraud: Where are we now? 10 March, 2017

Telecoms fraud: Where are we now?

The telecoms industry is at something of a crossroads in regards to fraud threats, says Kevin Stanfield, is Analytics Product manager at MDS. (more…)

How to fight fraud and bolster your revenues in the process 09 February, 2017

How to fight fraud and bolster your revenues in the process

The Communications Fraud Control Association’s (CFCA) annual fraud survey provides telecoms fraud managers with an assessment of the key revenue threats from fraud. (more…)

Revenue Management for telecommunications companies 02 November, 2016

Revenue Management for telecommunications companies

According to the Communications Fraud Control Association (CFCA), network operators around the world lose around $38 billion annually to fraud and uncollected revenues. (more…)

BICS launches voice roaming firewall system 20 October, 2016

BICS launches voice roaming firewall system

BICS, a global wholesale carrier for voice, mobile data and capacity services, hasannounced the launch of its Voice Roaming Firewall solution, which automatically blocks incidents of voice fraud in roaming for its customers. (more…)

Global survey shows comms service providers losing 13.1% of revenues to leakage and fraud 12 January, 2016

Global survey shows comms service providers losing 13.1% of revenues to leakage and fraud

Revenue losses and fraud may be higher on the agenda for communication service providers (CSPs) following independent research released by Neural Technologies. A new global survey of 113 CSPs has found that these losses have now reached 13.1% of gross revenues. (more…)

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