XConnect Partners with GSMA to Help Protect Operators, CPaaS Providers and Enterprises from International Revenue Share Fraud (IRSF)
The partnership strengthens the telecom industry’s anti-fraud capabilities by preventing IRSF before revenue losses take place
XConnect, a Somos Company, the provider of world-class numbering intelligence solutions, has partnered with the GSMA, the global organisation unifying the mobile ecosystem, to prevent International Revenue Share Fraud (IRSF). GSMA IRSF Prevention will be leveraged in XConnect’s IRSFCheck™ solution to protect mobile network operators, Communication Platform as a Service (CPaaS) providers and enterprises from high-risk fraud destinations in real time.
GSMA IRSF Prevention forms a critical component of XConnect’s IRSFCheck™, part of its RiskALERT™ product suite. Its customers benefit from a dedicated solution that is underpinned by XConnect’s award winning Global Number Range (GNR) data, combined with the GSMA’s IRSF Prevention data, to stop findividual fraudsters before an attack takes place. XConnect’s GNR data checks the number range, establishing whether numbers are valid and allocated to providers, and flags high-cost ranges. GSMA IRSF Prevention adds to this by immediately flagging reported revenue share fraud numbers and International Premium Rate numbers (IPRNs).
“Most IRSF is committed using unallocated number ranges and international premium rate numbers (IPRN). It is an escalating challenge for the telecoms industry and a significant threat to trust in communications,” said Fenton Bard, VP Global Sales at XConnect. “Together with the GMSA, we’re providing the industry with comprehensive and collaborative IRSF mitigation with the goal of restoring trust in telecoms. Our goal is to provide a quick and efficient way to easily identify high-risk numbers, improve margins and reduce damaging losses.”
The GSMA unites over 1,000 mobile operators and businesses across the ecosystem and related industries to advance innovation and reduce inequalities around the world. GSMA IRSF Protection gives operators, CPaaS providers and enterprises an over 90% detection rate on confirmed fraud cases. Its database is updated every 20 seconds using a unique scanning system and monitors all traffic.
“For more than a decade, International Revenue Share Fraud has been responsible for causing large financial losses for enterprises and communication service providers. Calls to International Premium Rate Numbers (IPRNs) are being hijacked on a regular basis and it's getting harder to distinguish legitimate traffic. This has heightened the urgency for proactive fraud detection,” said Jason Smith, Senior Director, Industry Services, GSMA. “Every day, thousands of incidents are spotted in our global threat feed helping the mobile industry tackle fraud. Our partnership with XConnect is strengthening the telecom industry’s anti-fraud capabilities, ensuring that voice calls are only delivered to and from real users.”
XConnect is leading the way in mitigating telecoms fraud by working closely with industry bodies. Its GNR data provides rapid phone number pre-validation through access to up-to-date number information.