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TMCNet:  TransNexus Releases New Report on Telecom Fraud Schemes [Professional Services Close - Up]

[August 21, 2014]

TransNexus Releases New Report on Telecom Fraud Schemes [Professional Services Close - Up]

(Professional Services Close - Up Via Acquire Media NewsEdge) A new report from TransNexus, a VoIP network management software developer, examines the schemes being used for telecom fraud and industry best practices for prevention.

According to the Federal Trade Commission, telecom fraud accounted for 34 percent of fraud complaints in 2012, up from 20 percent in 2010. These numbers continue to grow, as new technology has led to an onslaught of new telecom fraud tactics.


The latest schemes are difficult to track and investigate because of their frequency, their layers of anonymity, and their global nature.

The new report includes detailed call flows and money flows for a dozen different telecom fraud scenarios. It divides the many telecom fraud schemes into three broad categories, based on who the fraudsters are targeting.

"Many of these scenarios are new to the telecom and VoIP industries," says Jim Dalton, president of TransNexus. "The first step to stopping telecom fraud is understanding it. The charts and diagrams in our latest telecom fraud report help our customers to realize the weak points in their network security." TransNexus is a software development company specializing in applications for managing VoIP networks More information and complete details: www.transnexus.com/index.php/whitepapers www.transnexus.com ((Comments on this story may be sent to newsdesk@closeupmedia.com)) (c) 2014 ProQuest Information and Learning Company; All Rights Reserved.

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