Fraud is a $17 billion dollar problem plaguing the telecoms industry, as highlighted in a recent industry report, Taking Action Against Fraud: Demonstrating the international wholesale industry’s leadership against telecoms fraud. Published by the ITW Global Leaders’ Forum (GLF), of which BICS is a member, the report highlights the impact of fraud on the telecoms…
The evolution of machine learning (ML) and artificial intelligence (AI) have presented the industry with key tools for preventing fraudulent activity. Yet these technologies can also be wielded by criminals, creating an arms race between the two parties.
In case you haven’t already downloaded “The BICS Report”, do so now and find out what are the main drivers shaping the wholesale telecom industry in 2018.
The forecasts for the telecoms industry in 2018 have been rather mixed. On one hand, we’ve heard from the Economist Intelligence Unit that in the world’s 60 largest markets, telecoms revenues will fall by 2% next year, while ARPU will also decline. On the other hand, the GSMA has predicted that the IoT will present…
The BICS Report offers an overview of the telecoms industry today, highlighting the most pressing concerns and challenges, as well as identifying opportunities for innovation. Eight key focus points are examined, and supported by findings from BICS’ own network traffic and activity.
How do you prefer to stay in touch with friends and family? Are you more likely to connect by sending a quick message on the Facebook Messenger app, or by making a phone call? Would you organise a get-together with friends by mass-sending a text message, or by creating a group on WhatsApp? Communication has…
With every year that goes by it becomes increasingly clear that when it comes to fraud, no telecommunication provider is an island. As they try to weather the storm alone, figures show that fraud is still an issue at large with losses around $38 billion in revenues, while international traffic accounts for 70% of all…
Concerns of authentication and number verification are key issues in 2016 as digital service providers look to secure their application or reduce wasted expenditure from engaging with erroneous or spam phone numbers. Innovative businesses have seized the opportunity to address the demand for digital services, resulting in a volley of applications and A2P messaging from…
For an industry that has led, and continues to lead, some of the most important communications innovations of the modern age, telecoms has been alarmingly under-serviced when it comes to rooting out fraudulent practices. Such practices are active on a scale of such enormity that if the losses could be prevented many operators and carriers…
Earlier this month, BICS had the honour of hosting the flagship GSMA Fraud and Security Group (FASG) meeting, in tandem with the GSMA Asia Pacific Fraud Forum, for the very first time. As one of the most successful and well-attended events in the industry, it’s one that is also close to our hearts. This year’s…
BICS, the strategic international wholesale partner to over 400 mobile operators worldwide, today announced the launch of FraudGuard, a fraud detection and prevention solution based on a crowdsourcing model, which drives shared experience and insights across the extensive BICS global carrier-grade network. This approach creates an active community of telecoms companies which as a whole…
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