The Problem

As security concerns grow across the global communications ecosystem, the telecom industry, brands and the financial sector face added pressure from consumers and regulators to ensure they are optimizing the most robust fraud prevention solutions.  

The ongoing scourge has led to rising consumer irritation, significant losses and regulatory impatience, resulting in tighter security requirements and the implementation of new regulatory measures affecting the telecom ecosystem. As fraudsters grow more sophisticated, new ways to thwart these malicious and costly activities are critically needed.

The Solution

The netnumber Fraud Prevention Registry (FPR), developed in partnership with cyber threat intelligence firm WMC Global, is a powerful telecom industry solution designed to avert escalating illegal robocalling and texting fraud, with a strong emphasis on protecting the banking and financial services sector.

Launching in North America and expanding globally, the Fraud Prevention Registry operates as a global, consortium-based registry for detecting and reporting communications fraud. It tracks phone numbers — many of which are repeatedly used — linked to phishing and fraudulent activities, as continuously reported by financial institutions and other sources. Additionally, the FPR contains millions of phone numbers associated with phishing scams and data breaches fed by WMC Global’s proprietary data sources.

This groundbreaking solution facilitates the rapid exchange of fraud data among industry stakeholders, including communication service providers, telecom carriers and business enterprises. Once a fraud attack is identified by one of the FPR participating members, all other members can react quickly and prevent the attack from spreading further.