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...
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...
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...
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...
At CFCA we believe our members and our sponsors should be involved in key decisions, that is why we asked all of our members if they wanted a face-to-face meeting or an online meeting this March. The overwhelming answer was that an online event was more suitable and...
By Subex This blog was orginally was posted on Subex's website - Nov 22, 2021 In April 2018, Gregg Bennett, an entrepreneur in Bellevue, Washington, noticed something odd happening across his email account, after which his phone connectivity immediately zeroed...
by AB Handshake Telecom voice fraud has been a persistent problem for businesses and telecommunications companies for decades. According to the CFCA, losses to telecom fraud amounted to $39 billion in 2021. And this is excluding the losses enterprises faced that year....
By LexisNexis Risk Solutions Latest Fraud Tactics and Trends LexisNexis Risk Solutions has just released its 2021 True Cost of FraudTM Study Financial Services and Lending Report, U.S. and Canada Edition. The study included a survey of 502 risk and fraud...
By AB Handshake A well-established school of thought in the telecommunications industry holds that signature-driven technology is necessary for stopping CLI Spoofing. The US federal government even recently adopted the STIR/SHAKEN protocol as a mandate for domestic...
CFCA would like to thank our 2021 sponsors for their support throughout the year and welcome our 2022 sponsors who will contribute and support CFCA activities and initiatives during the year. Gold sponsors are FICO, Lexis Nexis Risk Solutions and Iconectiv Silver...
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