Premium Rate Service Fraud and IRSF together account for $6.5 billion in fraud losses, according to the CFCA fraud loss survey 2013. Both PRS Fraud and IRSF are similar in nature – in both cases fraudsters inflate traffic to certain numbers or number ranges which attract higher settlement payments from the operators – however, there […]
Mobile Phone theft and premium rate fraud – A lucrative scam worth billions.
Calls to premium rate numbers are lucrative than simply reselling the phone suggests a report by Daily Mail UK. The report further claims that even the best of the phones don’t fetch a lot of money in the black market. However, there are bigger gains to be made through premium rate fraud. Over 300,000 phones […]
This is how we would like to remember 2013.
This is how we would like to remember 2013: Vodafone Ireland and Vodafone Qatar are using our new ‘Orpheus – Subscription Fraud Management System’. Vodafone Ireland and Vodafone India SSC are using our new ‘Referrals – Application Fraud Management System’. Microsoft (Skype), Vodafone India, Vodafone Italy, MCEL Mozambique, MTS Russia and Dubai Telecoms are using […]
What is IRSF Fraud?
International Revenue Share Fraud (IRSF) has been around for a decade, yet, there is little awareness among leading communication service providers, let alone start-ups and small service providers. While this has caused severe damages in the past, it’s once again beginning to raise its ugly head with a spate of vicious attacks, often taking the operators by surprise, and in some cases, leaving them at the brink of closure. So what is IRSF Fraud and what should be done to control it.
