The Real Cost of Fraud: Who Pays the Price?

When fraud slips through the cracks, who suffers?

It’s not just telecom providers who suffer—it’s the customers who trust their networks to protect them. Businesses fall victim to fraudulent calls, fake transactions, and identity theft, and families unknowingly lose money to scams designed to exploit the most vulnerable.

Fraud isn’t just a technical problem. It’s a human problem. And as fraud evolves, the real question isn’t just whether we can detect it—but whether we’re doing enough to stop it.

Where We Are Now: Scaling the Fight Against Fraud

At Fraud Intelligence Limited, we believe that collaboration is the key to real fraud prevention. By working together, telcos, fraud management vendors, and data providers can create shared value—protecting customers while building commercially sustainable solutions.

The Fraud Intelligence Blockchain (FIB) has grown significantly in the past year. The platform now has over 200,000 fraud contributions and over two million fraud identifiers. It has also expanded its detection capabilities beyond IRSF and Wangiri to include IP device fraud, A2P SMS fraud, phishing, and flash calling, all introduced in the FIB 1.3.2 product release.

The telecom industry has an opportunity to change the game by stopping fraud before it reaches customers. But with threats evolving at an unprecedented rate, it raises an important question: are fraud prevention efforts moving fast enough to keep pace?

A Stronger Defence Through Partnership

Fraud management vendors—including Fraud Intelligence Limited—are critical in protecting telecom networks and their customers. Each vendor brings different strengths to the fight, whether through behavioural analytics, identification of illegal network-connected equipment, or real-time call detection and blocking.

Yet fraudsters never stand still. Their methods evolve, taking advantage of weaknesses in technology, networks, and customer behaviours. The response to fraud must be just as dynamic, adapting in real-time and drawing from shared intelligence to stay ahead of emerging threats.

This is why we are proud to partner with leading fraud vendors who have stepped up to strengthen global fraud defences. Companies like Six Degrees, Latro, Araxxe, TMT ID, and Subex lead the charge, leveraging fraud intelligence to enhance detection, block threats faster, and create new value-added services for telcos.

A Smarter Approach to Fighting Fraud

Working with fraud vendors, including Fraud Intelligence Limited, should be seamless. It is essential to be able to integrate, contribute, and access intelligence that strengthens fraud defences.

Fraud Intelligence Limited operates on a freemium pay-per-use model, allowing vendors and telcos to earn and spend digital credit tokens based on their contributions and usage. The latest enhancements to this model ensure that fraud contributions are properly attributed between telcos and vendors, reinforcing a system that rewards those actively fighting fraud.

By focusing on transparency and collaboration, the industry can ensure that fraud prevention is not just about detecting fraud—it’s about eliminating it before it impacts customers.

Creating Commercial Value While Strengthening Defences

Vendors can strengthen fraud detection in multiple ways while building commercially viable solutions.

Fraud Intelligence Limited operates under a data principal model. It supplies intelligence to vendors who can integrate it into their analytics and develop high-value fraud prevention solutions.

Some vendors offer direct API access to FIB as part of their fraud management services. This allows telcos to access real-time intelligence through a premium or value-added service.

Beyond data access, Fraud Intelligence Limited provides a scalable infrastructure that enables businesses worldwide to share intelligence and refine detection models. Vendors can partner with us to design Data-as-a-Service solutions that continuously evolve with the fraud landscape.

A Collective Responsibility

Fraud is not just an industry issue—it’s a customer issue. It affects the people who rely on their networks, security, and financial stability.

Preventing fraud before it happens requires more than detection. It requires collaboration between telcos, vendors, and fraud intelligence providers. It demands real-time data sharing, recognising emerging threats before they spread, and a proactive approach to stopping fraud.

At Fraud Intelligence Limited, we are committed to ensuring that fraud solutions remain as dynamic and relentless as the threats they fight. By working together, we can make fraud prevention more than just a defensive measure—it can become an industry-wide standard that protects customers before they become victims.

Vendors such as Six Degrees, Latro, Araxxe, TMT ID, and Subex deserve praise for their progress in connecting their customers and data to the Fraud Intelligence Blockchain. They prove that collaboration leads to stronger fraud defences, better commercial opportunities, and—most importantly—greater customer protection.

Are we, as fraud vendors, doing enough? That’s the question we must continuously ask ourselves.

Let’s shape the future of fraud intelligence together.

Please register or log in today to learn more about Fraud Intelligence Blockchain.

FIL GitHub: https://github.com/fraud-intelligence-limited

FIL API: https://fraud-intelligence-limited.github.io

About Soramitsu

Soramitsu is an award-winning global financial technology company with expertise in developing blockchain-based solutions for digital asset and identity management. Our mission is to use blockchain to promote innovation and solve pressing societal challenges. Soramitsu aims to deploy cutting-edge technology on a global scale in order to expedite financial inclusion and health, mitigate economic inefficiencies, and contribute to the fulfilment of the Sustainable Development Goals.

About Orillion

Orillion Solutions is a leading provider of solutions that unlock value for customers by using advanced data insights, innovative technology, and rapid solution design methods to help solve complex business and risk management problems. This includes the delivery of the largest fraud blockchain network in telecommunications, which is helping telcos and their customers prevent fraud more effectively.