{"id":901154,"date":"2025-10-28T10:24:06","date_gmt":"2025-10-28T14:24:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/global-telcos-urged-to-support-new-scam-signal-to-help-prevent-social-engineering-fraud\/"},"modified":"2025-10-28T10:24:06","modified_gmt":"2025-10-28T14:24:06","slug":"global-telcos-urged-to-support-new-scam-signal-to-help-prevent-social-engineering-fraud","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/global-telcos-urged-to-support-new-scam-signal-to-help-prevent-social-engineering-fraud\/","title":{"rendered":"Global Telcos Urged to Support New \u201cScam Signal\u201d to Help Prevent Social Engineering Fraud"},"content":{"rendered":"

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Global Telcos Urged to Support New \u201cScam Signal\u201d to Help Prevent Social Engineering Fraud<\/b><\/p>\n

JT and FICO, with support of the GSMA, are engaging telecom providers to launch groundbreaking Scam Signal<\/i><\/p>\n

BOZEMAN, Mont.–(BUSINESS WIRE<\/a>)–
\nAs mobile-enabled scams continue to surge worldwide, Jersey Telecom (JT) and global analytics software leader FICO, with support of the world\u2019s largest mobile industry association, GSMA, are working together to accelerate the global rollout of Scam Signal<\/a> \u2013 an award-winning fraud prevention solution already delivering results for UK banks. First deployed in 2024<\/a>, Scam Signal uses real-time telephony data to detect and stop scams as they happen and help to protect consumers from significant financial loss.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20251028297085\/en\/<\/a><\/p>\n

\nThe organizations are now urging mobile network operators in several countries worldwide to act swiftly and adopt the solution to help stem the rising tide of fraud. In South Africa and Spain, operators have already begun to make the solution available through APIs. The partners are reaching out to operators in the United States, Canada, Indonesia, the Philippines, Malaysia, Germany, Sweden, Italy, Spain, South Africa, Brazil, Mexico, Colombia, Peru and Chile.<\/p>\n

\nMore information on the APIs: https:\/\/www.gsma.com\/solutions-and-impact\/gsma-open-gateway\/gsma-open-gateway-api-descriptions\/<\/a><\/p>\n

\nMore information on Scam Signal: https:\/\/www.fico.com\/en\/latest-thinking\/solution-sheet\/scam-signal-real-time-scam-detection-and-prevention<\/a><\/p>\n

\nAccording to reports from the Global Anti-Scam Alliance (GASA), scams have cost the global economy over $1 trillion in 2024<\/a>. Authorised Push Payment or APP fraud is recognised as the number one global fraud threat.<\/p>\n

\nScam Signal is designed to combat authorized push payment (APP) fraud, where victims are tricked into sending money to criminals. It\u2019s the first network API solution to combine real-time telephony network data with customer and payment information during live transactions \u2013 providing banks with the ability to spot the subtle signs of scams as they unfold.<\/p>\n

\nDelivered through FICO\u00ae Platform, Scam Signal draws on real-time signals from mobile and landline networks to identify suspicious activity. When a threat is detected, FICO\u00ae Platform Omni-Channel Engagement Capability<\/a> enables banks to intervene during the live transaction by engaging with the customer with personalized messages that help stop the fraud in its tracks. Importantly, the solution maintains a direct connection with the banks to enable any other additional action to protect their customers from harm.<\/p>\n

\nResults from UK banks using Scam Signal within FICO\u00ae Platform \u2013 Omni-Channel Engagement include:<\/p>\n