Fraud & Identity Today Week in Review: A2P Messaging, IPRS Fraud & Right Party Verification
July 15, 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 a look at the A2P messaging market. The A2P SMS market is predicted to grow steadily in the coming years. This forecasted growth is due in large part to the fact that customers actually enjoy SMS outreach from companies. SMS messaging is a convenient way for companies to let customers know about coupons, special offers, sales and so on. Unfortunately, this growth will undoubtedly open the door for fraudsters. Find out why HERE.
We also took a look at IPRS fraud this week. Many conference service providers (e.g. WebEx) and customer service applications have a Call Me Back-type feature that’s designed for customer convenience. This is convenient for customers, but also great for fraudsters because they can exploit it. If they enter an International Premium Rate Service (IPRS) phone number, which is essentially the opposite of toll free, then the person/entity placing the call is charged a fee above the regular cost of a call. Find out how you can protect yourself from this unique form of fraud HERE.
Next up, we discussed an important debate surrounded the TCPA: monitoring vs. scrubbing. Scrubbing is a common solution used by companies to check the status of phone numbers. However, it’s a onetime thing and doesn’t really help companies in the long run. Monitoring, meanwhile, keeps companies up to date on customer phone number data in real time. Get a full overview of each solution’s pros and cons HERE.
Last up, we reported on an Avanti breach that resulted in customers’ personal information and account details becoming accessible to hackers. Although this particular breach did not affect mobile devices, it holds a lot of potential for hackers. As TMC’s (News - Alert) Erik Linask writes, “While breaches like this have become common, the alarming element to this particular breach is it also gave access to users’ biometric data, which on its own may not be particularly useful, but when paired with mobile device details and credit card accounts, could give criminals access to any accounts that have been secured biometrically.” Full coverage is HERE.
That’s all for this week. Come back next week to read all the latest fraud-related news.
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