{"id":4567,"date":"2013-11-26T21:43:00","date_gmt":"2013-11-26T21:43:00","guid":{"rendered":"https:\/\/evssolutions.com\/how-to-prevent-wireless-fraud\/"},"modified":"2013-11-26T21:43:00","modified_gmt":"2013-11-26T21:43:00","slug":"how-to-prevent-wireless-fraud","status":"publish","type":"post","link":"https:\/\/evssolutions.com\/insights\/how-to-prevent-wireless-fraud\/","title":{"rendered":"How to Prevent Wireless Fraud"},"content":{"rendered":"

As we near
\nthe holiday season, its the time of year that online and retail establishments
\nlove. I personally dont like the idea of surviving on 4 hours of sleep to wait
\nin line with a crowd at 4 AM, but apparently many people enjoy it or at least
\ntolerate it for the sake of a good deal.
\n<\/span><\/span>Black Friday<\/span><\/a> is by far the busiest shopping day of the year, but with the
\nhustle and bustle comes a rise in fraud.
\n<\/span>It seems that one industry often overlooked in regards to fraudulent
\nactivity is telecommunications.<\/span><\/span><\/p>\n

<\/p>\n

Im very
\nfamiliar with the wireless industry as I worked in and around telecom for
\nseveral years. <\/span>With the
\ndevelopment of smart phones and the increasing dollar value of the devices,
\nfraud has become very common. <\/span>Many
\nconsumers, especially in the U.S., dont realize the high cost of their cell
\nphone because they are accustomed to paying a subsidized price with a
\ncontract. <\/span>Although the $199 you
\npay for your iPhone or latest Droid may seem steep, it becomes very minimal
\nwhen you learn that the company that sold it to you has around triple that
\namount into the device. This puts a lot of risk onto the store. <\/span><\/span><\/p>\n

So if the
\nwireless dealer is only charging you $199, how do they make money? <\/span>The dealer gets reimbursed when the
\nfirst bill is paid. <\/span>Beyond that
\nreimbursement they also receive additional commission as you continue to pay
\nyour cell phone bill.<\/span><\/p>\n

The problem
\noccurs when an individual comes into a store or goes online using someone
\nelses identity to purchase a phone.
\n<\/span>They may steal
\nsomeones identity<\/a> or pay an individual, known as a credit mule, to use
\ntheir SSN and personally identifiable information. <\/span>The wireless agent provides the individual with a discounted
\nphone, under the assumption theyll receive a full reimbursement once their first
\nbill is paid. <\/span>The individual leaves
\nthe store, never pays the first bill, gets the phone unlocked to work on other
\ncarriers and sells the phone for a profit. In this scenario, the dealer is left
\nto take a $400 loss. <\/span><\/p>\n

This could
\nhave been avoided had the proper <\/span>fraud prevention system<\/span><\/a> been in place on the front end. <\/span>The loss occurs because of a lack of
\nauthentication. <\/span>Sure you can have
\nsomeone ask for a drivers license, but it doesnt always help to mitigate the
\nfraud. <\/span>The goal is to know that
\nyoure really doing business with John Doe. <\/span>Many wireless companies have found that by implementing EVS
\nidentity verification and authentication services they have been able to
\ndrastically reduce and in some cases eliminate this type of wireless
\nfraud. <\/span><\/span><\/span><\/span><\/p>\n


<\/span><\/span><\/p>\n

<\/span><\/p>\n

[Contributed
\nby Shea Allen, Account Specialist]<\/span><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

As we near the holiday season, its the time of year that online and retail establishments love. I personally dont like the idea of surviving on 4 hours of sleep to wait in line with a crowd at 4 AM,<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4567"}],"collection":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/comments?post=4567"}],"version-history":[{"count":0,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4567\/revisions"}],"wp:attachment":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/media?parent=4567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/categories?post=4567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/tags?post=4567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}