Mobileums Predictive Fraud Detection Solution Identifies Data Abuse with 95% Accuracy
Summary
The volume and scale of such illegitimate operations is growing at a disturbing rate, and further puts the CSP at risk, in the long run, because of its ability to upturn the CSPs entire revenue model.“Data fraud accounts for close to USD 14.2B in revenue loss for CSPs annually, this combined with the increased shift in traffic from voice to data networks, CSPs are facing huge challenges as existing Fraud Management Systems struggle to detect and act with the speed and accuracy needed to prevent potential revenue losses,” said Bobby Srinivasan, CEO, Mobileum.Mobileum’s proprietary algorithms use advanced data science techniques to guarantee detection accuracy of over 95%, the insights are then subjected to re-verification using an active testing process to eliminate false positives and low confidence suspects.By providing a high degree of detection accuracy, our solution ensures revenue protection for the operators,” said Jaskaran Singh, VP of Big Data & Analytics at Mobileum.Further it optimizes network utilization by weeding out unauthorized usage and network abuse that steal precious bandwidth.“Data fraud accounts for close to USD 14.2B in revenue loss for CSPs annually, this combined with the increased shift in traffic from voice to data networks, CSPs are facing huge challenges as existing Fraud Management Systems struggle to detect and act with the speed and accuracy needed to prevent potential revenue losses,” said Bobby Srinivasan, CEO, Mobileum.Mobileum’s proprietary algorithms use advanced data science techniques to guarantee detection accuracy of over 95%, the insights are then subjected to re-verification using an active testing process to eliminate false positives and low confidence suspects.
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