Evaluate your subscriber identities in near real-time
Subscription fraud involves obtaining the customer information required for signing up to new telecom contracts or services with a valid authorization, but without the intention of paying for the products and services used. Subscription fraud is often categorized as bad debt rather than fraud. Operators globally estimate that nearly 40% of all bad debts are actually subscription fraud.
This is the starting point for many other telecoms fraud scams and as such is recognized as the most damaging of all non-technical fraud types. Perpetrators don’t just stop with obtaining legitimate service illegitimately, they usually use it as a precursor to other types of fraud such as Premium Rate Fraud and International Revenue Share Fraud, which are lethal in their own right.
The real impact of this type of fraud is difficult to measure because it does not stop with revenue loss alone. The effects can be catastrophic in terms of escalating complaints, poor customer experience, dissatisfaction among support staff, and diminishing investor confidence.
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Subscriber behavior is complex, as users login from multiple devices, locations and channels. Smart authentication relies on genuinely understanding not only the the digital identity of a connecting user, but their history too. By combining global shared intelligence it is possible to streamline onboarding, prevent account takeovers and detect insider threats. The access to content and services must meet strong authentication requirements and for this reason the utilizes WeDo Digital Risk Profile add-on that automatically executes a due diligence algorithm that gathers information on the subscriber in order to understand the risk they might represent to your organization. This can be achieved either with DRP but also through the integration with 3rd party solutions.
Identify ilegal access to your services
Provides fingerprinting capabilities predicting damaging behaviors
Reduce revenue loss
For some CSPs with on-premise technology infrastructure, operating in a hybrid architecture is a necessary part of their cloud adoption roadmap. If your company still doesn’t have a full public cloud policy due to security and compliance issues, WeDo Technologies provides an alternative private and hybrid cloud model to deploy prebuilt RAID.Cloud risk management apps.With RAID.Cloud option models, you can deploy the Fraud Management Apps on your private on-premise cloud in minutes, configure cloud-based services or add more fraud management applications, and choose if you want to scale to public or hybrid cloud environments in the near future.
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| Subscription Fraud Datasheet | Portfolio Datasheet |
| Implementation in minutes |
— | No in-house resources |
— | No hardware costs |
— | No upfront investment |