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Fraud & Identity Today Week in Review: A2P Messaging, IRSF & Mobile Number Porting

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Fraud & Identity Today Week in Review: A2P Messaging, IRSF & Mobile Number Porting

July 01, 2017
By Alicia Young Web Editor

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 a sobering view of the world we’re currently living in. Special guest contributor Christian Bennefeld, CEO and co-founder of eBlocker, points out that the lack of privacy we experience on a daily basis is becoming an issue. From cameras on street corners to mobile fraud and account takeover, we’re under constant surveillance. See what Bennefeld has to say about the matter HERE.

Next up, we took a look at how companies like iconectiv (News - Alert) and WeDo Technologies are helping CSPs battle international revenue share fraud (IRSF). According to Total Telecom, IRSF costs operators $10.76 billion annually, which is an unnecessary amount of leakage. Learn more about the solutions that are helping operators fight back, HERE.

A2P messaging fraud is also posing a threat to operators and consumers alike. As recent studies point out, enterprise A2P SMS messaging is slated for massive growth in the coming years. That’s great—if we lived in a perfect world. However, we don’t live in utopia, unfortunately, which means that fraud will grow right alongside A2P messaging. The more messages being sent, the more opportunities there will be for fraudsters to exploit said messages. Everything you need to know is HERE.

Finally, the week rounded out with a look at mobile number porting in Australia. It’s  becoming a growing problem within the country, as it’s an easy way for fraudsters to outsmart two-factor authentication precautions. To combat this issue, companies are taking action by strengthening their defenses: “We recognize the threat level is changing given the increased availability of individual’s personal information (eg, date of birth) on social media and other open platforms. In order to meet this challenge, we are working to strengthen our identification and verification procedures even further,” Telstra (News - Alert) media spokesperson Steve Carey said in a statement to Find out more HERE.

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

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