Following our industry presentation at the CEPT Workshop on Combating Fraudulent Communications in July 2024, held in Copenhagen, we emphasised the crucial role that precise, comprehensive data plays in tackling telecom fraud. In the fast-paced telecom industry, AI fraud detection increasingly relies on accurate data sources to identify and mitigate potential threats effectively.

Leveraging Global Data to Combat Telecom Fraud

While locals might easily recognise that a premium number in Ireland (e.g., +1590) charges €3.50 per minute or that a number range within that country is unallocated, tracking these numbers globally presents a unique challenge in Wholesale Fraud detection. Fraudsters operate across borders, utilising obscure and often unfamiliar number ranges. This is where the power of AI fraud detection combined with reliable third-party data comes into play.

Trusted, Regularly Updated Third-Party Data Sources

For some time, iCONX have been using premium International Premium Rate Number (IPRN) data from Symmetry’s PRISM database and unallocated number ranges from BIAAS’s FNRM database. These sources are invaluable for spotting emerging fraud trends as fraudsters’ tactics evolve rapidly. This real-time data integrates seamlessly with our AI models, empowering us to stay ahead of these shifting threats. 

Integrating Third-Party Data with AI Models

This real-time, high-quality data integrates seamlessly with the iCONX AI models, enhancing the effectiveness in AI fraud detection. By incorporating these premium data sets, our AI models achieve even greater precision, enabling our fraud tools to spot fraudulent activity more quickly, even at lower wholesale values, or during test calls made by potential fraudsters. This level of fine-tuning empowers user of the iCONX fraud management software, to adjust case severity with accuracy and detect fraud rapidly across the global telecom network.

AI fraud detection Dashboard showing a critical cost spike alert with 98% fraud likelihood from calls between the USA and Afghanistan. Lists urgent warnings and suspicious call activities.

Staying Ahead in a Dynamic Fraud Landscape

In today’s rapidly evolving fraud landscape, the combination of cutting-edge AI with top-tier third-party data is crucial. This approach allows our customers to stay a step ahead of fraudsters, safeguarding their telecoms network and minimising losses. AI fraud detection, enriched by reliable data, is the key to maintaining a secure and trustworthy wholesale telecommunications business.

To learn more about Third Party data sources for fraud detection, iCONX recommends:

BIAAS FNRM Database

Symmetry PRISM Database

Start your Fraud Management Journey with iCONX

For more information on how we tackle fraud at iCONX, visit our Fraud Management page to learn about our complete approach and solutions. To discuss how iCONX can support your Fraud Management please fill out our contact form or contact our experts at info@iconxsolutions.com.