In this webinar MEF’s Matt Ekram is joined by Catalin Badea, netnumber VP of Product Management and Ian Matthews, President and CEO at WMC Global, who take an in-depth look at the Fraud Prevention Registry (FPR), a new solution helping the telecom ecosystem fight costly fraud.
The Fraud Prevention Registry is a new solution created by netnumber in partnership with WMC Global, which particularly emphasizes the often-targeted financial sector.
With over $12.5B in potential losses reported by the FBI due to messaging and other digital crimes, the ongoing scourge of communications fraud grows increasingly troubling for consumers, enterprises and financial industry leaders alike. As fraudsters grow more sophisticated, new ways to thwart these malicious and costly activities are critically needed.
While the vast majority of industry players have fraud protection programs in place, there is currently little data sharing between them. This makes it easy for fraudsters to move around the industry and use the same techniques to exploit the same blind spots. Industry players have long recognized the importance of sharing fraud data but haven’t had a safe, reliable mechanism to enable it.
In this webinar, the panelists explore how the FPR solves one of today’s most critical challenges: developing and maintaining a centralized fraud number database that can be updated and accessed in real time by those who need it. Due to the absence of such a resource, scammers have continued to wreak damage, undeterred and unabated.
As the webinar discussion continues, Badea and Matthews give a closer look at how this global consortium-based phone registry identifies and reports communications fraud, including how the FPR contains all numbers confirmed to have been involved in fraud and is continuously updated by FPR participants and maintained by netnumber.
The result? A single authoritative database that is shared among telecoms and other industry members for the sole purpose of fighting communications fraud. To learn more about how the FPR fosters a unified approach to combating fraud to ultimately pave the way for a more secure ecosystem, watch this webinar now.
