Telco Fraud
Ballooning costs, dipping revenue
Telco businesses face increasing attacks on card-not-present transactions, particularly prepaid lines. Costs are rising, from chargeback remediation to sales prevented by false declines. But traditional risk management systems increase declines and cause friction for customers, hurting revenue.
$32.7B
annual cost of identity fraud for telcos
52%
of telcos do approvals without third-party data
13x
more money lost to false positives than fraud