As a telecoms company you can improve the quality of your fraud detection rate with Biaas FNRM™, which is a powerful database that uses real time information to battle International Revenue Sharing Fraud (ISRF).
The GCFA Global fraud loss survey for 2017 estimated that losses totalling $6.1 billion were the result of of IRSF. The good news is that this type of loss to telecommunications operators is easily preventable with Biaas tools that can be implemented into the FMS or Network.
By targeting numbers that generate revenue for the fraudster, Biaas has developed tools that disrupt IRSF on 4 levels:
Operators can now eliminate frauds to unallocated destinations. Through configuring FMS and Network blocking with FNRM™, operators can prevent IRSF fraud that channels calls to unallocated ranges in expensive country destinations (as well as higher cost numbers in non-expensive countries). Biaas continually researches and updates its list of unallocated Destinations to enable clients to act fast and be effective against IRSF
Invalid Digit String lengths
Configuration of FMS and Network alerts, through the use of Biaas FNRM™, can Identify destinations with incorrect digit string lengths that are regularly routed to in the process of IRSF frauds. Biaas has a track record of keeping one step ahead of the fraudsters to inform clients of what digit string lengths should be.
Higher Cost International Destinations
Fraudsters love Higher Cost Destinations. By utilising FNRM™ an FMS can discover the higher cost destinations that are often targeted in IRSF frauds. Through the maintenance of comprehensive lists and constant updates, Biaas can help to inform telecommunications operators and make these numbers more visible, decreasing the threat of IRSF.
IRSF Test Numbers
There are hundreds of new IRSF test numbers published every day. FNRM™ is a tool that enables FMS to identify the IRSF test numbers that are frequently used by fraudsters. Biaas tools help the operator to identify test numbers and take preventative action before fraud can occur.
Does it work?
With 12 years of experience working with telecommunications operators worldwide, Biaas’ range of tools have proven effectiveness in the field. To find out how Biaas can help you to keep ahead of the fraudsters, please get in touch with us today.
Telco additional revenue opportunities identified by Biaas to date
The beauties of the Biaas RA solutions with the incredible parallel processing power of our Netezza platform are the flexibility to adapt to future business needs, the ease of acceptance and deployment, as well as the sheer overall capacity and performance.”
The Biaas solution allows us to run reports of loss making calls and helps us understand our margins per call, not just cost. We can run reports that show margin by call, by customer, by product and by destination; it’s an extremely powerful tool.