Paradigm.One
Paradigm.One
  • FRAUD DETECTION
  • ACCESS PORTING DATA
  • PARTICIPATE IN PORTING

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 in detecting online transaction fraud.

Theft scenario

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

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Value-add to existing fraud detection systems

Financial institutions can vastly improve their existing fraud detection systems by factoring in Mobile Number porting events as they occur in real-time. As an example: 'online funds transfer just initiated to a new payee, and the customers mobile number has just been ported' - raise alert and refer to fraud group

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Technicals

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

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