RAID Subscription Fraud

Stop subscription fraud as an enabler of other types of fraud.

Subscription Fraud Is Widely Used To Commit Other Types Of Fraud

Subscription fraud involves obtaining the customer information required for signing up to new telecom contracts or services with a valid authorization, but without the intention of paying for the products and services used.
Subscription fraud is often categorized as bad debt rather than fraud. Operators globally estimate that nearly 40% of all bad debts are actually subscription fraud.

The Out-of-the-box Solution To Fight Subscription Fraud

This is the starting point for many other telecoms fraud scams and as such is recognized as the most damaging of all non-technical fraud types. Perpetrators don’t just stop with obtaining legitimate service illegitimately, they usually use it as a precursor to other types of fraud such as Premium Rate Fraud and International Revenue Share Fraud.
The effects can be catastrophic in terms of escalating complaints, poor customer experience, dissatisfaction among support staff, and diminishing investor confidence.

Can't see the forest for the trees?

Harness the power of your data to connect the dots between strategy, risk and performance.

Embrace The New Dynamic Digital Identity Validation

WeDo's Subscription Fraud tool integrates various authentication methods, as often the required personal identification data is not the same across a multi-channel environment.
The solution provides different online identification & validation methods, including knowledge-based validation, phone authentication, address validation, one-time password use, and common usernames to enhance electronic identification and trust.
The use of these identity qualifiers also provides important information on the subscriber context, which then informs their population on certain hotlists.

Recognize Customers And The Risk They Represent

Subscriber behavior is complex, as users login from multiple devices, locations and channels. Smart authentication relies on genuinely understanding not only the the digital identity of a connecting user, but their history too. By combining global shared intelligence it is possible to streamline onboarding, prevent account takeovers and detect insider threats.
The access to content and services must meet strong authentication requirements and for this reason the solution automatically executes a due diligence algorithm that gathers information on the subscriber in order to understand the risk they might represent to your organization.

From Onboarding Verification To Ongoing Authentication, RAID Delivers An End-To-End Identity Verification And Authentication Solution

Remove the onerous and exhaustive information forms that subscribers need to fill. Less attrition but higher qualification methods.
Verification & Authentication
Quickly identify and confirm identities to protect subscriber accounts. Validate customer identities through a friendly, non-intrusive approach.
Fraud Detection
Detect, prevent and deter fraud at every step of the process. Real-time monitoring activity while meeting compliance regulations.

Choose How You Want Your Subscription App Deployed

Adopt the RAID platform and chose the deployment option that best fits your business needs, budget, and resources.
If your company still doesn’t have a full public cloud policy due to security and compliance issues, WeDo Technologies provides an alternative in private and hybrid cloud models to deploy RAID with its prebuilt risk management modules or apps.
Try the cloud environment for free! Get a free access to RAID.Cloud for fraud management. Just subscribe to request a free trial, load your data, and start monitoring alarms though one of our apps using the ready to go cloud-based server environment.

RAID risk management software is easy to use and highly configurable

Schedule a meeting with us and see what RAID can do for your business.

Staying Secure In The Digital Ecosystem

In the Internet of things (IoT), role of identity management is expanding. It is no longer just about identifying people and managing their access to different types of data (i.e., sensitive data, non-sensitive data, device data, etc.).
In the IoT world, identity management must be able to identify devices, sensors, monitors, and manage their access to sensitive and non-sensitive data. WeDo Technologies subscription fraud solution provides a unique value proposition for telecom operators that want to seamlessly ensuring identity security is tight from the very beginning.

All The Necessary Tools Integrated Into One Platform To Handle The Entire Risk Management Lifecycle

Case Management
Drill down on data and alerts with ad-hoc analysis to find the root cause of fraud and make better decisions faster.
Fully configurable
Use easy-to-apply configurations, workflows and dashboards to enable simple and transparent mirroring of your required business processes. Automations and migrations let you execute this in days instead of months
Hybrid Solution
React to and stop known and unknown fraud patterns in a repeatable and auditable way by combining an extensive rules library with machine learning.
All-In-One Software
Manage the teleco fraud management lifecycle autonomously, from data loading to mitigation actions, with RAID’s complete suite of tools for fraud analysts.
Link Analysis
Quickly uncover fraudulent activities by highlighting key individuals, connections and patterns in a unique visual way. Gain a deeper understanding of data within different entity and relationship types, as well as attributes that can help uncover hidden fraud patterns.
Real Time Data Processing
Address the problem of matching continuously income events to evolving patterns like bypass fraud with RAID's complex event processing (CEP).Accelerate fraud detection and react faster to emerging threats with real time data stream analysis.

Accurate And Practical Identity Evaluation Methods

The ongoing and rapid growth of online data due to the Internet and the widespread use of databases has created the challenge of extracting knowledge from data based on research in statistics, databases, pattern recognition, machine learning, data visualization, optimization, and high-performance computing, to deliver advanced business information.
By monitoring data that has been collected over time, RAID Subscription Fraud makes processes more efficient, effective, predictable, and profitable, through the use of Knowledge Discovery and Data Mining techniques. WeDo is able to provide accurate and practical evaluation methods and models for business decision-making like providing access to services or content.

ML & AI Fraud Detection Models Designed For Subscription Fraud

Artificial Intelligence (AI) and Machine Learning (ML) provide the tools for anti-fraud. They enable anti-fraud teams to process vast quantities of data in near real-time and detect fraudulent patterns that can then be investigated further by a team of anti-fraud experts. This allows collaboration on training data, the creation of shared models, inference results, and the validation of those results.
Applied to real data in an automated, low latency manner, the results can affect business activities even as they are happening, offering a real competitive advantage for organizations. If harnessed and leveraged correctly, machine learning methods can adapt to new and unidentified patterns as underlying changes occur.

Future-Proof Your Fraud Management Strategy By Adopting A Hybrid Technology

Rule Based Approach
An extensive rules library provides immediate fraud awareness and increased accuracy
  • Optimize rules according to your needs
  • Greater accuracy and lower error rate
  • Immediate results
AI/Machine Learning
AI and Machine learning algorithms leverage data analysis processes to detect deviations and unknown fraud patterns
  • Rapid prediction and processing analysis
  • Past customer behaviors evaluation
  • Unlimited traffic analysis
Hybrid Solution
A hybrid approach designed to combine rules with machine learning to detect and predict fraud
  • Early and accurate fraud cases detection
  • High risk deviations identified in real time
  • Outlines new fraud patterns and emerging operating methods

How Cablevisión Argentina is Leveraging RAID's For Telecom Fraud Detection

Cablevisión is a telecommunications company present in 12 provinces and 90 cities all along Argentina. Cablevisión, provides state-of-the-art payed TV services, high-speed internet services and comprehensive solutions in telecommunications to small, medium and large companies.
When Cablevisión Argentina, needed Fraud Management solution, WeDo delivered.

WeDo Risk Consulting Services

All telcos can benefit from a proactive risk management strategy when rolling out a 5G infrastructure. This means defining key risks, weighing their probability and impact on business drivers and developing your thinking on actions to take. WeDo Technologies can support you in this. Our consultancy experts can undertake risk assessments that go beyond financial and regulatory risk to consider the wider environment in which you deploy 5G services. Additionally our consultancy experts can help you put in place effective monitoring and control tools that give you earlier warnings, and enable you to respond quickly and effectively.
  • Profitability and liquidity
  • Operational excellence
  • Compliance
  • Growth opportunities