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Fraud & Identity Today Week in Review: iconectiv, IRSF & Revenue Management

April 29, 2017

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.

The week started off with some exciting news from iconectiv. The company announced that it has reached a milestone in terms of identity fraud protection—it has officially surpassed the handling of 10 million phone numbers in Greece. iconectiv is responsible for helping to protect the connections of over two billion people every day, and this latest accomplishment shows how good the company is at its job. The full story is HERE.

Next up, we took a look at the overall revenue management market and examined how revenue leakage plays a role in the trends we’ve been seeing. Luckily, the future for revenue management looks bright—a beacon of light in a world that seems to be constantly losing money due to fraud. As TMC’s Steve Anderson points out, “The report noted that, in 2025, the market for telecom billing and revenue management tools will reach a level of $25.27 billion. This is thanks in large part to a growing number of solutions in the field across several different subsectors of operation, including solutions, services, mediation software, and of course, fraud management software.” Keep reading HERE.

The last major topic of the week was International Revenue Share Fraud (IRSF). According to Jim Bolzenius, head of anti-fraud services at TNS, understanding and mitigating IRSF comes down to tracing the flow of money. TMC’s Laura Stotler looks at the different ways IRSF is performed both domestically and internationally, along with ways to prevent this form of fraud, HERE.

On the same note, Steve Anderson also examined the damages IRSF can cause businesses. Anderson also discusses why IRSF has become so popular lately. According to reports, international trading agreements and interconnect agreements are some gaps that allow for this sort of fraudulent activity. Everything you need to know to protect yourself and your business is HERE.

That’s all for this week. Come back next week to read all the latest fraud-related news.

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