WeDo Technologies Launches App to tackle $10Billion IRSF Fraud losses
WeDo Technologies, a worldwide leader in revenue assurance and fraud management, has launched a new application (app) that will help service providers reduce their International Revenue Share Fraud (IRSF), the leading form of fraud costing operators $10.76 billion per year *.
The RAID.Cloud IRSF App is WeDo Technologies’ answer to the rising occurrence of this type of fraud, which has increased 500 percent between 2013 and 2015 - according to the Communications Fraud Control Association. Leveraging cloud-based technology, service providers can fast track the deployment of the solution and then quickly and easily upload data to the app, where it is automatically assessed against the pre-integrated rules to detect fraudulent activity.
The app’s detection engines identify suspicious network activity and continuously evolve to recognize new trends and threats. The alarm management tool, which provides insightful notifications, ensures service providers are instantly aware of any fraud types impacting their business. The app also comes with pre-integrated global hotlists of known fraudulent premium rate numbers, further accelerating results.