Fighting Fraud: Companies Will Be Able to Confirm Phone Numbers and SIM Card Exchanges on MEO, NOS and Vodafone Networks
6 Articles
6 Articles
The new tools (APIs) allow companies to assess signs of fraud before allowing access or transactions. For operators, they represent an opportunity to create revenue with security services
According to Banco de Portugal data, one of the main risks for banks is digital fraud, with a 45% increase in Portugal last year. Given this data, the three telecom operators will make new APIs available to their networks in order to help organisations fight fraud.
The three leading national mobile operators have joined the Global GSMA Open Gateway initiative to provide additional security components in their customers' applications.
MEO, NOS and Vodafone have announced two new security tools that allow banks to check phone numbers and detect suspicious exchanges of SIM cards.
Meo, Nos and Vodafone (without Digi) have come together to try to protect connections between applications and mobile network. Competition and privacy are guaranteed, they claim.
National operators have joined the Global GSMA Open Gateway initiative in order to help prevent digital fraud. The project, which was presented today in Lisbon, is an opportunity for the country as it increases digital trust and enables the development of APIs that can be used around the world.
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