What You Should Know About Subscription Fraud}

What You Should Know About Subscription Fraud

by

Deepak ChopraOver the years, fraudulent activities in the telecom industry have been increasing in many forms. Some of them include Fake requests, unauthorized transactions, subscription fraud and many others. In most of the telecom companies, the Telecom Fraud Management team ensures to focus on detail-to-detailed performance and more reactively detects the fraud occurred. Integrating of Big Data Analytics with Real-time Tracking System protects fraudulent activities at the earliest and prevents affecting of the network through Counter Fraud Analytics. With this emerging technology, telecom operators can effectively manage various channels of their services and improve their sales inflow along with they can protect their revenue leakages using Telecom Fraud Management. Subscriber’s location and type of subscription will be evaluated thoroughly for the genuineness with the data provided by the customers.Overview of Subscription FraudSubscription fraud is still characterized as a widespread threat in the telecommunication world. Here, the fraudster using the fake identity subscribers to the service, but has no intention to make payment for the service obtained. The Telecom Fraud Analytics manages the data and tracks the unusual activity without losing the quality of the performance. The Communications Fraud Control Association (CFCA) surveys, practically proven that almost every telecom operators are affected by subscription fraud. Use of Counter-Fraud Management helps in prevention of entering of fraudsters at the beginning. The impact of fraud not stops to revenue loss but also brings dissatisfaction in the performance, poor customer experience and lowers the performance rate. Subscription fraud is the major concern for both mobile and fixed line operators. Incorporating of advanced Management of Telecom Fraud will help in increasing the level of customer experience, and there can be a prevention of revenue outflow. Fraudulent Prevention Solutions: Traditional and PresentThe most often used traditional solutions, sometime may suspect and indicate normal activity behavior as fraudulent activity. There are also chances of suggesting false positive rate and unusual usage pattern. The legitimate usage and normal activity by consumers can also be detected as fraud action with the usage of conventional Telecom Fraud Solution. In recent years, the Big Data Analytics with Real-Time System is considered as one of the effective ways for detection and prevention of fraudulent behavior. Many telecom companies have moved from traditional solution to innovative Counter Fraud Solution to overcome the fraudulent activities and defend their services with a stopover of outflow of revenue. Real-time tracking and monitoring of suspicious behavioral pattern round-the-clock through Big Data Analysis stalwartly keeps away from fraudulent actions affecting the services.Why to Choose Mobileum for Prevention Of FraudIn the telecom world, Mobileum is a renowned name as a leader for effective analytics solutions. With Mobileum’s telecom fraud prevention, service providers can effectively fight against any of forms of fraudulent patterns and lower the risk of fraud actions. The innovative solution with powerful real-time analytics observes every behavioral pattern. The Counter-Fraud Management prevention from Mobileum reduces the risk of fraudulent activity and secures the revenue generation with boosting subscribers in more numbers. Every telecom operators choose to provide error-free and uncomplicated services to their customers which can also be customized as per the need of the customers. However, because of the fraud activity, service providers are not able to deliver as per the expectation of the customers. Mobileum counter-fraud security and Fraud Management Analytics offers an effective strategic solution with the real-time study of the suspicious activities which helps the service providers to have better operational efficiency, improve ROI level and increase the number of subscribers.With usage of the constructive products and services can transform the business into next level by preventing fraudulent activities. Well, integrating of powerful tools like Fraud Management Solution can act as an effective measure for fraud subscription activity and the telecom operators can see increased number of active subscribers than before.

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