IRSF Attacks – One down but many on the loose.

The fascinating story about the arrest of Noor Aziz Uddin, one of FBI’s most wanted cybercriminal for international phone fraud came to a quiet end on 14 February in the outskirts of Karachi. It is said that Uddin and his accomplice had amassed a wealth of over $50 million in a short span of 4 years by hacking phones all around the world.

The modus operandi, according to the FBI, is that the cybercriminals would hack into the phone system – PBX – or use stolen phones of customers and start auto-dialling to premium rate numbers or set call forwarding to lucrative international revenue share numbers. The interesting part in this story is that the criminals themselves owned the premium rate services lines set up around the world to pocket the profits. As the report points out one business in Livingston, New Jersey, was hacked for $24,120. Another, in Englewood, New Jersey, was charged $83,839. Both victims suffered losses in less than 24 hours.

The latest figures from Communications Fraud Control Association suggests that the phone hacking losses are hovering around $4.42 billion and is forecast to rise because of the ease at which the cybercriminals can operate this scheme with just a mobile phone and an Internet connection. The simple message is that no one is immune to PRS and IRSF attacks – the attacks if unnoticed can range anywhere from $1,000 – $100,000 in a 24 hour period. While PRS fraud can be tackled by hot listing Premium Rate Number services, IRSF is lot more difficult to detect as the numbers in IRSF are generally not part of the official national numbering plans so the originating operator cannot easily identify the called numbers as premium rate services and hence difficult to add them to monitoring hotlists.

FRS Labs in partnership with Yates Fraud Consulting has pioneered the IRSF database for fraud prevention, first of its kind released as a cloud solution on August 2013. With over 100,000 IRSF Numbers – numbers updated every 4 weeks – and a wildcard number range over 4 million, this is the definitive hotlist database for Telecoms service providers, VOIP providers and MVNOs to stop IRSF attacks. The IRSF database is continued to be provided as a standalone hot list and offered for a low annual subscription fee. Furthermore, there are no hefty hardware or software needed to access the IRSF Database. It’s a simple cloud solution that you can start using in a few minutes to control impending IRSF attacks.

Talk to us today or book a demo at info@frslabs.com.

About the Author: Shankar is a certified fraud examiner and is the Founder and CEO of Fraud Risk and Security Research Labs. Shankar has over 18 years of experience in developing complex intelligence and fraud prevention systems for Telecoms, Financial Institutions and Governments.

You Might Also Like
Battle tested technology.
Use it just the way you want it.

Whether you are just starting out or you are miles ahead and want to optimise your customer experience, you can use our technology just the way you imagine it. In multiple ways for multiple use cases.

Native Mobile SDKs

Offline Android and iOS components for identity capture. Works without internet connection. Quick integration into your native Apps. Tested in over 1000+ mobile devices.

View SDK Documentation video kyc
Cloud APIs

Restful APIs that can be integrated instantly without worrying about infrastructure or auto scaling. Our battle tested AWS environment is ISO 27001:2013 certified and monitored 24x7.

View API Documentation video kyc
On-Premise

Use our technology deployed as Docker containers in your own servers. In this set up there are no external calls outside your servers giving you total control over your data.

Contact Sales video kyc
Cloud Dashboard (no-code)

Get started instantly and begin your identity verification projects. The dashboard provides you with everything you need to onboard your customers as per prevailing regulations.

Book a demo video kyc

Trusted technology platform.

Trust is hard to earn. We certainly do not earn them through paid advertising. Instead, we earn your trust by providing a high-quality product and reliable service that you can count on. Every single day.

Patented technology
Patented technologies matured over 14 years with proven accuracy, quality and scale.
Support that truly supports
Whatever it takes, we are here to help you succeed with our tools and services.
Secure enterprise platform
Use our cloud platform to get started now. Or deploy this within your own premises.
Pricing that makes sense
Pay per transaction with discounts as you scale. Or annual subscription with unlimited usage.

Trusted by 200+ customers worldwide

Book a free demo

Built for flexibility, compliance and reliability to serve multiple industry segments.

Banks
Insurance
Telco
Ecommerce
Fintech
Healthcare
Delivery
Gig Economy
Governments