Posted by FICO Subscription fraud continues to be among the most prevalent methods of fraud service providers suffer, with worldwide losses from this group of scams exceeding USD$2.0 billion in 2021, according to CFCA. Technology advancement is driving the evolution...
CFCA - News
Subscription Fraud: A gateway to other crimes
5 ways crooks exploit subscription fraud and what can be done to prevent it Posted by Fico Though subscription fraud may not be the most common type of fraud that communications service providers suffer any longer, the problem has still grown since 2019 by nearly 6%...
Fall Educational Event – Announced
After our first face-to-face meeting in Washington D.C. which was a big hit... June was a significant milestone, as CFCA at long last was able to provide the facility to allow members to converge and meet and share their experiences, thoughts, challenges, and ideas...
New CFCA Board 2022
New President, VP, and COO as well as welcoming a new director to the board. We would like to announce the new CFCA board for 2022. PRESIDENT Jason Lane-Sellers, CCSP LexisNexis Risk SolutionsVICE PRESIDENT Steve Schwed, VerizonCHIEF FINANCIAL OFFICER Adam Panagia...
Eliminating Fraud, Recovering From Financial Loss and So Much More
By ABHandshake Imagine a world free from telecommunications fraud – global loss to telecom fraud in 2019 amounted to $28.3 billion. By eliminating this threat we can prevent billions of dollars in lost revenue to legitimate businesses all around the world. However,...
The Surge of Flash Calls: How Can CSPs Safeguard Their Revenues
Blog by Sukshitha Rao, Subex We live in a digital world where everything is available with a few clicks. Whether you want to buy something online, make payments, or log into a popular online service, an OTP (One Time Password) requested via SMS is all you need to...
Telco fraud – ensuring the computer says ‘yes’ instead of ‘no’
Blog by Mel Prescott, FICO Day-to-day life may be returning to some normality but some aspects like fraud are an ever-present constant. FICO Telecoms industry expert Mel Prescott takes a deep dive into the Communications Fraud Control Association’s latest Fraud Loss...
Benefits of Eliminating Fraud – Beyond financial recovery
by AB Handshake Total global revenue losses to telecom fraud in 2021 amounted to $39.89 billion. This was only 2.22% of total global telecom revenue that year. When fraudsters maintain even a small foothold in the market, the yearly losses are enormous. By stopping...
War Tactics from ‘The Tomorrow War’ to Combat CLI Spoofing
Posted by Subex Chris Pratt’s ‘The Tomorrow War’ was a blockbuster hit. Gripping, terrifying, and wildly redeeming at the end. No spoilers, but one thing that struck me was the sheer numbers of the alien menace that constituted the movie’s main threat. One single...
Lessons from a Spy: How 007 is Helping Telecom Industry Fight Robocalling Fraud
By Subex In the iconic spy world brought to us through the imagination of Ian Fleming, I’ve found the array of gadgets almost as thrilling as the action sequences. Remember the invisible car in ‘Die Another Day’ and how James Bond was able to control it remotely. A...
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