Voice Roaming Firewall - innovative and proactive fraud prevention service for mobile operators
The telecoms sector has seen the least amount of progress or innovation when it comes to eliminating fraud in roaming. The Communications Fraud Control Association (CFCA) estimates that carriers lose some $38.1 billion (USD) annually to fraud. More than two thirds of these fraud losses are contributed by traffic which is “international” in nature. The biggest contributor to it, IRSF, has seen a tremendous rise from $ 1.8 Billion to $ 10.76 Billion in the last 2 years.
Roaming has shown to be the preferred exploit to carry out these frauds because of the inherent nature of roaming which introduces delays in fraud detection which may last anywhere between 4 hours to 3 days. The industry definitely needs to upgrade to a more proactive approach towards IRSF & other premium rate service related fraud detection and action.
Control outbound roamer traffic, bottom line & customer experience against fraud
The BICS Voice Roaming Firewall is an innovative and proactive fraud prevention service for mobile operators that are BICS roaming services customers who want to have greater control on their outbound roamer traffic to protect their bottom line & customer experience against fraud.
This 24/7 service is targeted towards helping BICS’ roaming platform (Instant Roaming & Roaming Hub) service customers, eliminate fraud in roaming by “proactively blocking” outbound roamer fraudulent voice call attempts in real time. This is achieved by utilizing the strategic position of BICS being a hub of roaming signalling traffic for automatically monitoring the subscriber’s voice call attempts.
Future-proof Crowdsourcing Model
With more than 15 years of experience and carrying 30 billion minutes per year from 1000+ customers, BICS is placed as one of the top voice carrier in the world and understands the international domain like no other, including fraud. This also provides BICS with global view of traffic and international frauds, as soon as they occurs in any corner of the world.
BICS offers truly unique and innovative fraud protection services which ensures cleaner traffic and significantly lower fraud losses.
BICS has extensive roaming connectivity with 750 operators around the world, which automatically puts it in an ideal position to protect its roaming service customers against outbound fraudulent calls when their subscribers are roaming in partner VPMNs.
BICS fraud intelligence database has already helped block 550+ million minutes of fraudulent traffic on its carrier platform with at least 1,5+ billion euros in savings to its fraud services customers. This allows for similar level of protection for BICS’ Voice Roaming Firewall customers.