Avoiding Telecom Fraud -Part I: Revenue-Sharing (How TASCOM Ensures Secure and Transparent Calls)

On the whole, International calling has already become a crucial component of staying in touch with loved ones and conducting business throughout the world. However, amidst the convenience and accessibility, there's a lurking danger: telecommunication fraud. If we list down the list of frauds, there are major frauds such as Wangiri Fraud, Smishing/SMS Phishing, SIM Jacking, and SIM Swapping, and one of the most prevalent forms of fraud is revenue-sharing fraud, which can lead to exorbitant bills for unsuspecting callers. So here in this article, let us delve into the intricacies of revenue-sharing fraud, shed light on how to understand the frauds, how they operate, and also we are going to highlight the robust measures TASCOM has taken in order to safeguard users. Also, hopefully, we will acknowledge that other fraudulent activities will be covered in future blog articles, focusing on providing comprehensive awareness to our valued users.

Understanding Premium Numbers and Revenue-Sharing Fraud:

In order to avoid fraud, of course, we must have a clear understanding of these. Evidence illustrates that Premium numbers are specialized telephone numbers that charge callers a higher rate than standard calls. These numbers are often associated with value-added services, entertainment, customer support hotlines, or special promotions. While legitimate premium numbers offer specific services for a higher fee, fraudsters exploit this concept for International revenue-share fraud. When it comes to Revenue-sharing fraud, it is a cunning scheme employed by unscrupulous entities to exploit the revenue-sharing model used by telecom companies. Here in this fraud, fraudsters set up premium-rate international numbers that charge significantly higher rates than standard international calls. Possibly, these numbers are designed to generate revenue by sharing a portion of the charges with the entity that owns them. The catch? The caller often remains oblivious to the inflated charges until they receive their bill.

The Mechanics of Fraud:

When it comes to the mechanism of this type of fraud, these fraudulent numbers are strategically marketed as customer service hotlines, sweepstakes lines, or exclusive offers to attract unsuspecting callers. Once the call is initiated, the victim, who is unaware of the impending fraud, is subjected to lengthy recorded messages, placing them on hold or in a loop. So this prolongs the call duration and escalates the charges, all while the caller remains unaware and ultimately becomes the victim of this deceptive scheme. By the time the caller realizes the excessive billing, it's too late.

TASCOM: Safeguarding Users Against

At TASCOM, user trust and security are paramount. That's exactly why the app has implemented robust measures to counter revenue-sharing fraud and ensure transparent international calling experiences for its users. When it comes to safeguards, these are the main actions taken by Tascom;

1. Blocking Premium Numbers:

Tascom employs advanced algorithms to detect and block known premium-rate numbers associated with revenue-sharing fraud. This proactive approach is set up in order to prevent users from inadvertently dialing these fraudulent numbers and falling victim to inflated charges.

2. Cost Transparency:

The TASCOM app takes the guesswork out of international calling costs. Before making a call, users are provided with clear and accurate information about the call rates, and obviously, this is to ensure complete transparency. This empowers users to make informed decisions and eliminates the element of surprise when the bill arrives.

3. Educating Users:

Prevention is always the best defense. TASCOM goes the extra mile to educate users about the risks of revenue-sharing fraud. Through blogs like this and user guides, users are always empowered with the knowledge needed to identify and avoid potential fraud

To sum up, It is obvious that international calling should be a bridge that connects hearts and fosters relationships, not a source of anxiety due to fraudulent practices. So revenue-sharing fraud is a pervasive issue that can lead to astronomical bills for unsuspecting callers. With regard to the TASCOM app, it is at the forefront of ensuring secure and transparent international calling experiences. By blocking premium numbers associated with fraud and providing upfront cost information, these apps empower users to communicate confidently, without the fear of falling victim to fraud.

Stay connected and protected with TASCOM, where every call is a secure and seamless experience.

(Note: This blog article is intended for informative purposes only and does not constitute legal or financial advice.)