Argyle Data Explains Why Credit Ratings Fail Against Growing Threat of Mobile ‘Never Pay’ Fraud

Losses From ‘Never Pay’ Contribute to 155% Rise in Subscription Fraud to $8.1 Billion in 2015 SAN MATEO, CA–(Marketwired – Mar 17, 2016) – ‘Never Pay’ is a new form of subscription fraud that has become a major challenge for mobile operators, contributing to revenue losses of $8.1 billion in 2015. Dr. Ian Howells, Chief Marketing Officer of Argyle Data, the leader in machine learning and real time data lake insights, discusses ways to address this challenge in the latest of a series of articles analyzing the results of the CFCA’s 2015 Global Fraud Loss Survey1.  In 2013 subscription fraud (use of service with no intent to pay) accounted for $5.22 billion or 11% of total losses worldwide. In 2015, the CFCA’s 2015 survey recognized the seriousness of the problem by increasing…


Link to Full Article: Argyle Data Explains Why Credit Ratings Fail Against Growing Threat of Mobile ‘Never Pay’ Fraud