Global wholesale carrier, BICS, Thursday unveiled a new addition to its fraud protection solution, FraudGuard, by extending the crowdsourcing platform to incorporate protection against roaming fraud for its MNO Partners. The company has incorporated Roaming NRTRDE into FraudGuard's cloud-based platform to provide a cost-effective, complete and seamless way for operators to protect themselves proactively and in real-time against the most sophisticated telecom fraud threats.
According to BICS, roaming fraud is a growing problem that costs the industry over six billion dollars (USD) per year worldwide and can be responsible for huge revenue losses to telecoms operators anywhere in the world. BICS claims that FraudGuard can identify over 100 new threats to carriers daily and has already saved operators millions of dollars in revenues, blocking over 500 million fraudulent call attempts across 800 telcos within the first two years of operation.
Jorn Vercamert, Vice President of Voice, BICS
Voice fraud continues to be a major problem within the industry which can have a potentially devastating impact on the revenues of operators of all sizes. By expanding the remit of FraudGuard, BICS is arming operators with the tools to proactively protect themselves, their customers and their revenues.
Katia Gonzalez, Head of Fraud Operations & Services at BICS
BICS is committed to the continued development of fraud solutions to protect customers proactively against the increasingly sophisticated methods being deployed by fraudsters. By working together with the industry and developing protection based on actual threats, BICS is leading the fight against telecoms fraud.
