Netnumber, in collaboration with WMC Global, has launched its Fraud Prevention Registry to combat increasing telecom fraud, particularly robocall scams. With estimated losses reaching $12.5 billion, the registry aims to create a secure ecosystem for communication service providers by allowing them to share vital information regarding fraudulent phone numbers and tactics in real-time. This initiative follows other industry measures, like STIR/SHAKEN, aimed at improving fraud detection and prevention in telecommunications. Steve Legge, CEO of netnumber, emphasizes the need for a reliable infrastructure for data sharing on fraud.
We've created a secure registry that enables participants to share information about fraudulent phone number activities in real time, helping combat ongoing scams.
Industry leaders have long recognized the importance of sharing fraud data but didn't have a safe, reliable, and real-time mechanism to do it.
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