Since time immemorial, we have been asked to stick paper photos onto application forms. Driver’s license, Visa forms, ID cards, School applications, Bank applications – you name it. Wherever you went, you carried with you your avatar on paper – torn, outdated, pixelated. Sounds so 19th century. Well, it’s time to change all of that with fotopod.
Rarely does this happen: you are called in for a potential funding opportunity by a leading venture capital firm and you end up leaving the room closing a sale. It was particularly gratifying because the product clearly won. We felt there was a genuine need to improve Axilor’s visitor experience, in […]
International Revenue Share Fraud (IRSF) accounts for about $10.7 billion in fraud losses. Losses are up by 497% from previous year. This case study highlights the fact that there is no operator who is immune to IRSF attack. And prevention is the best form of cure as there is no cure for this malicious attack.
Application fraud is committed when fraudsters provide incomplete, inaccurate, fabricated or stolen information with an intent to defraud the service provider.
What an incredible year it has been. From going live with Vodafone India – largest installation to date processing over 5 billion call records to protect Vodafone customer from fraud – to winning the AnthaPrerana 2015 Competition (a TiE Bangalore initiative for start-ups). It didn’t […]
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 […]
Back in 2010, 23 February to be precise, FRS Labs existed only on paper. It had no contracts, no clients, no office, no products and no employees. A non-binding and casual chat over coffee to jointly develop a product with Vodafone was all it took to get started on this journey.
Turning the clock forward […]
What is application fraud?
Application fraud is committed when fraudsters provide incomplete, inaccurate, fabricated or stolen information with an intent to defraud the service provider. Application fraud can be classified as ‘first party fraud’: those deliberately providing inaccurate or fabricated information, or ‘third party fraud’: those that are stolen from another citizen (Identity Theft) or […]
Six leading multi-national corporations – all of whom are in the fortune 500 list – occupy an impressive multi occupancy office complex in Ireland. There are, on an average, 250 visitors each day, to meet hundreds of hosts, seated at different locations in the vast office complex. There is a single receptionist and a […]
Subscription Fraud Overview:
Subscription fraud, despite the many controls in place, is still vicious and widespread. According to multiple CFCA surveys, virtually every service provider is affected by Subscription Fraud. The impact of subscription fraud does not stop with revenue loss alone. The effects could be catastrophic in terms of escalating complaints, poor customer experience, […]