Asia Pacific Operator Addresses Point of Sale Fraud – saves $2 million in the first month

Written by on July 18, 2012 in BillingViews, News with 0 Comments

 

Point of Sale fraud is not something that is generally associated with telecoms. The communications industry tends to focus on network usage and pattern analysis to identify the patterns that lead to fraud prevention. According to the Communications Fraud Control Association, however, there should be greater focus, as Point of Sale fraud accounts for losses of $5 billion a year.

 

Identifying fraud at the Point of Sale has advantages, stopping the fraudsters being provisioned and therefore limiting or stopping the damage that they can do. At one ‘Tier 1’ operator in Asia, the benefits of addressing the problem ‘at source’ has saved them $2 million in the first month with a fraud hit ratio of 68 percent.

Subex | Press Release – 17 July 2012.

About the Author

About the Author: Alex was Founder and CEO of the Global Billing Association (GBA), a trade body focused on the communications sector. He is a sought after speaker and chairman at leading industry conferences, and is widely published in communications magazines around the world. Until it closed, he was Contributing Editor, OSS/BSS for Connected Planet. He is publisher of DisruptiveViews and previously BillingViews. .

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