Empowering Telcos with Advanced Fraud Management: The AI-First Advantage
What's in the Point of View?
Fraud in the telecom industry is a growing concern, with telcos worldwide losing billions of dollars yearly due to operational leaks and security breaches. In the past two years alone, fraud losses increased by 28%. To combat this, an automated and intelligent risk mitigation system is required, and that's where AI-first fraud management comes in.
AI algorithms can analyze vast amounts of data in real-time, detecting fraud patterns and anomalies that may be difficult for humans to detect. This proactive approach increases accuracy, improves efficiency, and provides real-time fraud prevention. AI-based fraud detection and prevention systems can reduce fraud losses by up to 90%.
Download this Point of View document to learn more about how AI-first fraud management works and the emerging trends in AI models.