The Risks of Social Engineering
According to the latest figures, Facebook—the world’s most popular social network—has 1.51 billion active mobile users. For fraudsters and cyber thieves, this is a huge market for potential social engineering fraud. Internet security firm BullGuard defines social engineering as “the use of deception and manipulation to obtain confidential information. It is a non-technical kind of […]
The IoT revolution: A new type of fraud
According to a recent report from Gartner, there will be 30 billion smart devices connected to the internet by 2020. Meanwhile CEO of Cisco, John Chambers believes that this figure could reach 50 billion, opening up the way for a new $19 trillion Internet of Things (IoT) industry. Inevitably, as the IoT revolution is set […]
New EU regulations may result in increased SIM Box Fraud
From June 2017, mobile roaming charges will be completely abolished within the EU, meaning consumers will be charged the same rate for using their mobile phone in the EU as they would be if they were at home. Whilst this landmark announcement is great news for mobile phone users, the new regulations could have a […]
The Rise of Mobile Advertising Fraud
With more than 2 billion smartphone users globally, spending on mobile advertising has increased dramatically as marketers look to capitalise on the growing mobile market. But as advertising revenue is diverted away from desktops, the battle against fraudsters has gone mobile too. According to research by eMarketer, worldwide mobile advertising spend will surpass the $100 […]
Ofcom issues warning about premium rate call scam
Ofcom has warned mobile phone users to remain vigilant after a significant rise in the number of people falling victim to a premium rate call scam. In recent weeks, the communications regulator has investigated a spate of cases where consumers have been faced with the daunting prospect of paying grossly inflated phone bills- in some […]
How Telcos can fight back against OTT Hijacking
Revector CEO, Andy Gent, joins Telecom TV to discus the major threat upon mobile operators in 2016- OTT Hijacking. With operators revenues being affected by the hijacking of international calls onto OTT applications such as Viber, Revectors new innovation into detection and elimination is sure to put an end to these losses.
Poor processes and procedures threaten revenue loss for mobile network operators
A recent survey by risk management specialists Neural Technologies provides an important but troubling insight into the fraud and revenue loss risks encountered by mobile network operators and other communication service providers. The ‘Telecoms Risk Management Global Survey 2016’ estimates that poor internal processes and procedures are the biggest contributor to revenue loss in the […]
New threat to mobile network operator revenues
Growth in ‘OTT Bypass’ revenue losses across the globe OTT Bypass identified in South America, Europe, Middle East and Asia in past month Significant International Termination and Roaming Losses 19th February 2016: Mobile anti-fraud and revenue protection specialist Revector today warned mobile networks of explosive growth in a new threat to revenue – Over-The-Top (OTT) Bypass call […]
Revector partners with Neural Technologies
Joint strategy to protect telecommunications service providers’ revenues Protect customer base from over-the-top (OTT) bypass revenue loss, SIM Box fraud and mis-billing 16th Februry 2016: Mobile anti-fraud and revenue protection specialist Revector today announces a partnership with risk management and analytics company Neural Technologies, to offer communications service providers a comprehensive anti-fraud and revenue protection service to mitigate risk […]
Install fraud threatens the app market
The mobile app market will have to gear up for the fight of its life against install fraud. The app market is growing, but so too – predictably – is the risk of fraud. In fact, it is becoming so common that it is presenting a serious threat to the industry. Called either ‘click fraud’ […]