Statistical models are ubiquitous, from predicting the next wind direction in the Atlantic to whether you are about to buy a Beatles tune from Amazon. Statistical models have also been used widely to predict fraud among mobile subscribers. The object is to eliminate fraud as soon as it occurs. However, more often than not, legitimate […]
Dealer Fraud – More to the commission than meets the eye.
Dealer fraud is not as big and bad as subscription fraud. Nevertheless the industry loses a lot of money through this not-too-difficult to perpetrate phenomenon. During my anecdotal research I was surprised and mildly shocked to see how widespread the phenomenon was but even more shocking was that none in the supply chain seem to […]
Telecoms Fraud Management – Doing more with less.
Organised fraudsters have always been a step ahead in conjuring up new techniques to perpetrate fraud. Extraordinary sums of money have been lost to fraud. Several studies put the fraud figure between 3-8% of annual revenues. Equally, extraordinary sums of money have been invested in fighting fraud over the last decade. A Forrester report puts […]
