Fraud & Identity Fraud & Identity

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June 10, 2017

Fraud & Identity Today Week in Review: iconectiv, Affle & More

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 week started off by taking a closer look at the Internet of Things (IoT). The IoT is great in that it’s making all of our lives easier by connecting our devices, but it also poses a big security risk. If everything is connected and a fraudsters hacks into someone’s phone, all of a sudden they have access to everything else as well. That holds potential for disaster, especially in terms of mobile fraud, which doesn’t need any additional help wreaking havoc. iconectiv’s CTO Chris Drake addressed this concern at the TIA Connectivity Jam in Dallas in this week. Find out more HERE.

iconectiv was all over the map this week, as it also took part in the FinTech Innovation Assembly. The multi-format conference featured thought leaders and industry players from IT departments of the world’s most prominent financial institutions. iconectiv attended to showcase its Right Party Verification for Messaging solution, and to educate financial institutions about the benefits of keeping fraud top of mind. Full details are HERE.

Despite popular opinion, fraudulent activity affects more than just the individual. Operators, credit card companies, banks and marketers are all victims as well whenever a scam occurs. In fact, marketers have been getting the short end of the stick lately. That’s why companies like Affle are starting to come out with anti-fraud solutions designed specifically to help marketers. Everything you need to know is HERE.

Account Takeover Fraud also made headlines this week when iconectiv issued a white paper on the matter. As TMC’s Steve Anderson points out, “Account takeover fraud is done primarily as a means to beat the growing Europay / Mastercard / Visa (EMV) standard, while at the same time allowing access to several points from one weak endpoint.” He has everything you need to know HERE.

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

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Industry Insights

(MobileID) Proactive Fraud Prevention

Interconnect-related fraud such as International Revenue Share Fraud (IRSF) and PBX hacking fraud continue to be a billion dollar problem to the telecom industry.

(Defender Shield) Defense solutions for the modern SMS ecosystem

SMS is a ubiquitous communication method for person-to-person (P2P) text messaging, which has been in use globally for nearly 20 years.

(Defender Shield) Preventing Grey Routes and the Multi-billion dollar Threat

The convenience of mobile messaging has brought communication efficiency to billions of consumers worldwide. As is often the case with widely accepted technologies; however, convenience can provide a vulnerable gateway to fraudulent activity.

Product Documents

Asset Protect

While unlimited or high-volume voice and SMS plans offer great value to subscribers, sometimes fraudsters exploit these plans to avoid paying termination and interconnect fees.

Defender Shield

In a world with ever-increasing Application-to-Person (A2P) messaging needs and competition, improving customer satisfaction and eliminating revenue leakage is key for protecting SMS profits.


Accurate and cost-efficient routing of voice calls and SMS is critical. Unfortunately, gathering reliable routing data on ported numbers and keeping up with constant changes in number plans is expensive and time-consuming.

Fraud Solutions

Communications fraud is a $20B annual global problem and growing. Companies are looking for peace of mind so that their business and their customers are protected from the onslaught of technology crime that is damaging their reputations and their balance sheets.