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Telecom Fraud Management Solutions Market to Reach Almost $600 Million in 2015
Market research report sizes the global market for telecom fraud management solutions that include FMS software, test call generators, credit/fraud identity check services, and managed services.
About two thirds of the solutions market, TRI estimates, is in the Credit/ID and Subscription Application Fraud sector where the business is dominated by global credit and fraud service bureaus.
Second in market size are solutions that monitor and block IRSF, premium rate, and related toll frauds, such as Wangiri. And third is the growing problem of bypass fraud, particularly SIM box bypass.
The executive summary from the report is available for free download at http://www.technology-
The report, which includes contributions and commentary by 14 industry experts, is written for two groups: people at solution vendor and telecom operator firms. On the solution vendor side, the report contains rich market trending and competitive intelligence. For people at telecom or virtual comms providers, the report provides intelligence to help fraud management teams get up to speed on the latest solutions and strategies to combat fraud.
Here are key findings in the report:
IRSF and Premium Rate Fraud
International Revenue Share Fraud (IRSF) and Premium Rate frauds are getting plenty of attention these days -- that's very welcome news.. The net effect, TRI predicts, is that the financial damage caused by IRSF fraud will decline.
Fraudsters have stepped up their game in Bypass Fraud, especially via the SIM Box. One technology making this possible is the SIM Server, which allows a fraudster to rotate thousands of SIM cards across multiple target countries.
Credit/ID & Subscription Application Fraud
This refers to the fraudulent ordering of telecom services intent of stealing equipment or never paying for services rendered. The easy accessibility of digital devices for banking and e-commerce uses has made better fraud detection in this area critical. Several innovative solutions have either arrived or are under development.
Other Anti-Fraud Solutions
Other fraud solution categories have a relatively small market share today, but may loom large in the years ahead. In this solutions category are: Insider, Sales & Dealer Fraud Solutions, Anti-Fraud Solutions for Mobile Money and Payments, False Answer Supervision, andConsumer Abuse of Mobile Data Plans.
About the Research Report
Telecom Fraud Management Services, Software & Strategies is a 239-page market research report that analyses the struggles, challenges, successes, failures, and dreams of those who seek to control fraud in the telecom industry. The report’s emphasis is on solutions: the techniques, technologies, and tools that are working – and not working – to prevent or stop fraud. Authored by Dan Baker, TRI’s research director, the report draws on conversations with three dozen telecom fraud experts with major contributions by five top consultants in the field.
The report’s Executive Summary is freely available and the full report may be purchased by any telecom or fraud management solutions firm.
Dan Baker, Research Director