Main Blog LANCK Telecom Secures 100% GLF Сode of Conduct Compliance for Fourth Year, Now Including Both Voice and SMS

Oct 31, 2024

LANCK Telecom Secures 100% GLF Сode of Conduct Compliance for Fourth Year, Now Including Both Voice and SMS

We are proud to announce that LANCK Telecom has once again achieved a perfect score (26/26) in the GLF Code of Conduct Against Fraud, now covering both voice and SMS services. This dual compliance milestone demonstrates our ongoing commitment to combating telecom fraud.

LANCK Telecom’s consistent adherence to the highest industry standards set by the Global Leaders’ Forum (GLF) reinforces its role as a trusted and reliable partner in the global telecom landscape.

Growing Threats

According to the 2024 GLF Fraud Report, the complexity of fraud schemes in the telecom industry continues to grow, with fraud prevention now a top priority for 64% of carriers—the highest level recorded by the GLF, up from 39% in 2023. 

IRSF and smishing continue to pose a challenge, with fraudsters’ increasingly advanced tactics often outpacing carriers’ efforts to stop them. However, Artificially Inflated Traffic (AIT) remains the most reported fraud in international messaging (62%), while CLI spoofing tops concerns in voice fraud (55%).

Unmatched Results 

LANCK Telecom’s success in fraud prevention is underpinned by cutting-edge technologies like AI and machine learning. At the core of these efforts is our Fraud Management System (FMS), which blocks over 60 million fraudulent calls and prevents more than 800 fraud attacks daily, with an accuracy rate of 99.995%.

As the 2024 GLF Fraud Report emphasizes, AI and real-time detection are becoming essential in combating telecom fraud. LANCK Telecom’s long-standing commitment to AI-driven protection systems ensures proactive, real-time security for its partners.

Key Areas of Compliance 

LANCK Telecom’s perfect compliance score reflects our dedication to adhering to the highest standards of fraud prevention as outlined in the GLF Code of Conduct. Our success is built on several key factors:

  • Real-time Fraud Detection and Monitoring: Our system analyzes over 100 behavioral parameters in SMS traffic and over 200 parameters in voice traffic, using a combination of self-learning and supervised learning. This allows it to adapt and become increasingly effective against evolving fraud tactics.
  • Seamless Processes: We integrate industry-recommended processes, including AI and machine learning tools, to detect and avoid fraud with an accuracy rate of 99.995%. 
  • Blocking Fraudulent Destinations: Our system accurately blocks fraudulent number ranges while ensuring legitimate traffic is unaffected.
  • Information Sharing: We are committed to sharing information on fraudulent traffic flows with industry peers, strengthening global anti-fraud efforts.
  • Trusted Commitments: We offer clear, standardized contract terms for fraud management, ensuring our partners have full transparency and confidence in the level of protection they will receive.
  • Revenue Share Management: We give clients the option to opt-out from specific number ranges in order to reduce their potential exposure to revenue sharing fraud.

Supporting Industry-Wide Collaboration

As fraudsters exploit gaps in carrier protections, the 2024 GLF Fraud Report stresses the need for greater collaboration across the telecom industry. LANCK Telecom is committed to driving these efforts by sharing insights and solutions with its partners. 

With 68% of carriers stating that GLF Code of Conduct compliance influences their decision to collaborate, LANCK Telecom’s 100% compliance underscores its position as a secure partner in the fight against telecom fraud.

A Commitment to Responsible Fraud Prevention 

Looking ahead, LANCK Telecom remains dedicated to driving innovation and working closely with industry peers to ensure fraud prevention evolves with the threats we face.

As Igor Skutsenya, our Senior Business Development Manager, notes: 

“Fraud is always evolving, and AI helps us monitor large volumes of data in real time, which is crucial for staying ahead of increasingly sophisticated threats such as AIT. By combining AI with ongoing innovation and collaboration across the industry, we believe it will continue to play an increasingly key role in safeguarding our networks and customers in years to come.”

Unlock Next-Level Fraud Protection with LANCK Telecom

Ready to secure your operations against fraud? Learn more about LANCK Telecom’s AI-powered Fraud Management System or arrange a free consultation today.