International Revenue Shared Fraud.
We have pioneered IRSF fraud detection across telcos and enterprises through sophisticated tools including Artificial Intelligence and Machine Learning.
International Revenue Share Fraud (IRSF) is a type of telecommunication fraud that involves criminals taking over, or "hijacking," international phone traffic and routing it through their own network or intermediaries, in order to receive a share of the revenue generated from the calls. This typically happens when criminals take advantage of vulnerabilities in international phone networks, such as weak security protocols, to redirect calls to their own network and bill the legitimate owner of the traffic
In the recent years that type of attack moved form voice to messaging and preyed on enterprises using SMS for their two-factor authentication methods.
This has significantly increased the number of fake account on social medias as well as frauds in e-commerce.
At Oofty we help to detect and mitigate IRSF both for Telcos and Enterprises