Financial Crime World

Fraud Detection Methods in Saint Pierre and Miquelon: Subex Bypass Solution Leverages AI for Enhanced Security

Saint Pierre and Miquelon, known for its picturesque landscapes and rich cultural heritage, has been grappling with a significant threat to its telecom industry - SIM box fraud. This type of fraud involves routing international calls through the internet using Voice over Internet Protocol (VoIP) and terminating them on local phones to make it seem like they were made locally.

The Impact of SIM Box Fraud

According to experts, this is one of the top telecom frauds in terms of revenue loss for telcos. SIM box fraud can have a significant impact on Saint Pierre and Miquelon’s telecom industry, resulting in substantial financial losses and compromising the trust of customers.

Subex Bypass Solution: Leveraging AI for Enhanced Security

To combat this issue, Subex has introduced its bypass fraud solution powered by Artificial Intelligence (AI). This cutting-edge technology leverages machine learning and analytics to detect SIM box activity within 10 minutes of usage, providing near real-time notifications with enhanced analysis capabilities.

Key Features of the Solution

The Subex bypass fraud solution offers several advanced features, including:

  • Enhanced Simbox Detection: Utilizes Test Call Generator (TCG), Machine Learning, and Self-Learning Rules for accurate bypass detection
  • Anomaly Engine: Equipped to identify unknown unknowns, making it future-ready to address next-generation frauds
  • Low Total Cost of Ownership (TCO): Support on open-source technologies and Android handsets operating as TCG probes, significantly reducing capital expenditures
  • Advanced AI Engine: Employs supervised and unsupervised models for faster detection and enhanced coverage
  • Hybrid Rule Engine: Covers various detection techniques
  • Real-Time Blocking: Enables immediate blocking of fraudulent activity
  • Analysis Arena: Provides geo-location or cell-site analysis, trend analysis, and revenue saved statistics

Case Study: 96% Accuracy in A2P SMS Fraud Detection

In a recent case study, Subex’s AI/ML solution helped a Southeast Asian operator tackle A2P SMS fraud with 96% accuracy. This demonstrates the effectiveness of Subex’s bypass fraud solution in detecting and preventing fraudulent activities.

Importance of AI-Powered Anti-Fraud Tools

Subex has published a whitepaper on the need for AI-powered anti-fraud tools in telecom, highlighting the importance of these solutions in combating fraudulent activities. Experts emphasize that the Subex bypass fraud solution can provide Saint Pierre and Miquelon’s telecom industry with the necessary tools to combat SIM box fraud and protect revenue streams.

Conclusion

The Subex bypass fraud solution is poised to revolutionize fraud detection methods in Saint Pierre and Miquelon. With its advanced features and capabilities, this solution can help the region’s telecom industry detect and prevent fraudulent activities, ensuring the security of customers’ data and protecting revenue streams.