| Fraud – how much is it costing your business? |
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The open nature of communications infrastructure offers the would-be fraudster huge opportunities to exploit Telecommunications companies; worldwide annual costs of fraud to carrier companies could amount to anything between $35-£40 Billion (1), with UK identity fraud alone costing the UK telecommunications sector £372M (2).
Acuma’s solutions for Fraud Detection and Prevention deliver real value by providing Fraud, Corporate Risk and Compliance functions with the necessary insight to ensure that issues are identified, actioned and resolved. In partnership with software solutions from IBM, Acuma offer specialist modelling and analysis enabling Telecoms businesses to proactively highlight indicative fraudulent activity and enable investigative and preventative action, in areas such as:
- Unusual usage patterns and high usage;
- Account cloning;
- Linked accounts and calling circles;
- Service usage on barred handsets & accounts;
- Multiple handset use;
- Relationships between employees and customers.
(1) Lightreading.com, December 2003; (2) Home Office Identity Fraud Steering Committee 2006
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