phone number intelligence service for security, and the use of them as a user identifier in online registrations and two-factor authentication (2FA) has opened a Pandora’s box of cyber threats. With losses due to phone-related fraud rising, it’s critical that businesses have the best possible toolkit for validating, verifying and screening phone number data in real time.
Using advanced phone validation and reputation scoring services, telecommunications providers can identify fake or disconnected lines, VOIP and other types of abusive virtual phones and more to improve their users’ experiences, meet regulatory requirements, and protect revenues. A robust set of risk signals – including a centralized, global blacklist for bad actors and suspicious payments – are correlated with carrier lookup information, porting history, reachability insights, and more to generate a powerful phone number reputation score.
How Phone Number Intelligence Services Prevent Fraud
The XConnect platform, powered by netnumber, consolidates and delivers trusted international number intelligence services to world leading telecoms service providers. These include Carrier Lookup, Fed DNC checks, CNAM (Caller Name) services and 2FA authentication to help streamline user verification protocols, ensure compliance, and build customer trust.
During new user account registrations, phone number intelligence allows telecommunications firms to check the format and validity of a phone number in real time. This can be a simple way to spot suspicious activity and prevent fraudulent accounts by asking the person to provide more details or prompting them to complete additional verification steps. It’s also a valuable way to monitor a phone number for changes or inactivity over time, as these can be an indicator of a fraudulent or compromised account.