Every year, telecoms fraud results in operator losses of over $28 billion. This was the sobering statistic with which BICS’ Head of Fraud Prevention Katia Gonzalez opened a panel discussion on Fraud and Security. Part of BICS’ Future of Connectivity event, we hosted two expert- led sessions to help the telco community understand from their…
Under-reported and surprisingly under-discussed, telecoms fraud remains a significant and pervasive problem. It results in massive revenue drain, to the tune of an estimated whopping €29 million annually. Fraud is a global problem, and as such, a global, collaborative and open approach is needed to really tackle the problem. This is an approach BICS has…
BICS supports ‘SIM as a Root of Trust’ for secure end-to-end IoT connectivity Any enterprise considering an IoT deployment is faced with three key challenges. The first is integrating a complex end-to-end solution, including the device, connectivity and application components; second is providing ease of deployment and use to support adoption; and third is ensuring…
We now rely on mobile networks for far more than simply making phone calls and sending text messages. Enabling data transmission and carrying massive volumes of data traffic, telecoms networks now underpin billions of smart applications, and power connectivity for people, things, and businesses on a global scale. We bank and buy online, transfer and…
Brazil is one of the latest countries to introduce new data protection laws, with LGPD (Lei Geral de Proteção de Dados) set to come into effect on August 15th, 2020. Similar to its EU counterpart, GDPR, LGPD focuses on the protection of consumers’ personal data and data subject rights, as the region moves towards a…
In 2018, global ecommerce sales amounted to $2.8 trillion, with $4.8 trillion expected by 2021. And that figure is only going to get bigger as access to mobile services increases. By 2025, it’s predicted the number of unique mobile subscribers will reach 5.9 billion, or 71% of the world’s population. However, as the digital economy…
Your mobile phone suddenly starts to ring, but stops almost as quickly – and before you’ve managed to answer the call. You don’t recognise the number; do you call back, intrigued? Or hope they’ll contact you again?
Fast-paced and sophisticated, telecoms fraud enabled by roaming is on the rise and moving across networks at an unbelievable rate. The industry has long since adopted fraud management that’s driven by detection in response, but roaming by its very nature has proven this approach unfit for purpose. For operators still relying on NRTRDE, HUR &…
Speaking to operators across Latin America over recent years, it has become apparent that the region is developing in a very interesting, unique manner. Although LatAm is now the world’s second-fastest growing market for mobile subscribers and users of digital services, operators are seeing a slowdown in ARPU and revenue, with an increase of less…
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.