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• Operators are estimating $billion plus losses
• Up to 96% of all calls being illegally re-routed in some countries
• Emerging markets still top target for organised mobile fraudsters

Mobile anti-fraud and revenue protection specialist Revector has located the one millionth fraudulent SIM card operating illegally on operator’s mobile networks. The location and elimination of one million SIMs equates to savings for mobile operators in excess of $3 billion. But this is just the tip of the iceberg, as criminal organisations continue to exploit vulnerabilities and poor security in mobile networks worldwide.

Often with the help of insiders working for the operator, fraudsters take advantage of the networks re-routing calls via GSM Gateway hardware leading to loss of revenue and poor service for customers redirected to ‘grey routes’. In some countries as many as 96% of all calls can be shown to be illegally rerouted without the operator or the caller’s knowledge.

Using a single SIM, this illegal practice can defraud a mobile operator by as much as $3000 per month, but in most cases Revector detects anywhere from tens to many thousands of SIMs being illegally exploited. Many operators still fail to recognize the threat or understand the levels of fraud occurring within their networks. The problem is common in emerging nations, which remain a primary target, but also throughout developed nations which can also exhibit high levels of ongoing fraud.

Andy Gent, CEO of Revector, said: “The fact that this level of fraud has been detected by Revector in a relatively short time frame indicates that mobile frauds remain virulent, continues to evolve and has become more professional, and so demands ever more intelligent tools to combat the threat.”

In times where revenues are under threat Operators should budget more for Revenue Protection for an immediate return on their bottom line revenues

-ends-

About Revector:

Founded in 2001, Revector creates products and services that enable telecommunications companies to quickly and effectively counter fraud. Working with operators including Vodafone, Bharti Airtel, Hutchison Three, Zain, Digicel, Etisalat, Telenor, Tele2, Tigo, MTS, NTT DoCoMo, Rogers, T-Mobile and Cable & Wireless, Revector’s products have enabled mobile network operators to remove millions of dollars’ worth of fraudulent activity from their networks. To find out more visit www.revector.com

Notes for editors on fraud techniques

Bypass, including interconnect and GSM gateway or SIM box fraud, occurs when the cost of terminating national or international calls exceeds the cost of a local mobile to mobile call in a particular country. Individuals and organisations buy multiple SIM cards and sell capacity to terminate calls on the open market. This leads to lost revenues for mobile network operators. SIM box fraud is illegal since those who undertake it are not licensed to provide telecommunications services in the country. Consumers will be unaware that their call is being routed via a SIM box but may experience a reduced quality of call or a reduction in telecommunications services, such as caller line identity.

Media contact:

Chris Bignell
XL Communications
Chris@xl-comms.com
Tel: +44 7834 020460

This press release was distributed by ResponseSource Press Release Wire on behalf of XL Communications in the following categories: Consumer Technology, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.