Fraud Detection

Paradigm.One is an established and experienced partner in the provision of number portability solutions to Telecommunication, Law Enforcement and Financial organisations. We have bilateral agreements and high-speed redundant connectivity to all industry porting systems in Australia that operate 24x7.

As Mobile Number porting activity occurs it is collated, validated and processed in real-time and provided to Financial institutions to assist them in detecting online transaction fraud.

Theft scenerio

A typical theft scenario is committed by firstly using techniques such as phishing or spyware to gain access to a victim's online transaction credentials. The next step is to be able to intercept the authentication SMS sent by the bank. This is easily done by procuring a new SIM and porting the victim’s mobile number. The fraud is then typically committed very shortly afterwards.

See diagram →

Value-add to existing fraud detection systems

Financial institutions can vastly improve their fraud detection systems by factoring in Mobile Number porting events as they occur in real-time. A simple example would be 'online funds transfer to a new payee, and mobile number has just been ported' - raise alert.

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Technicals

Learn more about the Fraud Detection Service real-time interface, including sample code.