Fraud & Identity Today Week in Review: A Look at Terminology, Grey Routes and Prevention
Welcome to the week in review, where we take a look at all the top stories making headlines in the mobile fraud space this week.
This was an exciting week, as iconectiv launched its new Fraud & Identity community. iconectiv has been in the communications industry for more than 30 years, and its solutions enable the interconnection of networks, devices and applications for more than two billion people every day. The company’s fraud prevention solutions work to protect and secure telecommunication infrastructures for service providers, governments and enterprises. It also provides network and operations management, numbering, registry, messaging and fraud and identity solutions to more than 1,200 organizations globally. You can read the full release announcing the community’s launch HERE.
The community’s first article of the week took a deeper look at the terms “fraud and identity.” In this instance, “fraud” is referring to the traditional fraud that typically affects service providers. Meanwhile, “identity” references identity fraud, which is usually a problem for enterprises and digital marketers. Unfortunately, neither form of fraud is showing any signs of slowing down, especially since fraudulent activity can be hard to catch. Usually companies become aware of fraudulent activity after they’ve received some kind of legal notice from upset customers. You can find all you need to know about the two terms, including how to prevent and stop these kinds of fraudulent activity, HERE.
Speaking of stopping fraudulent activity, wouldn’t it be great if companies could stop the problem before it even occurred? With communications fraud costing $20 billion every year, there needs to be a better way to detect fraud other than simple chance encounters. Well, according to KPMG International, there is. Find out how to combat fraud from the get-go HERE.
Finally, the week rounded out by taking a closer look at grey routes, which tend to be a service provider’s worst nightmare. Grey route messaging refers to application-to-person (A2P) messages that originate outside of authorized networks, and infiltrate service provider networks by exploiting traffic channels designated specifically for P2P messaging. Since they’re incredibly hard to identify and intercept, though, they often go unchecked, resulting in a lot of angry customers. Everything you need to know about this issue and how they can be stopped before they become a problem is HERE.
That’s all for this week. Come back next week to read all the latest fraud-related news.