- Leading provider of anti-fraud services for mobile network operators receives awards for Innovation and International Trade
- British company operating in more than 75 countries delivering billions of savings in lost revenues
Leading UK specialist in detecting and eliminating mobile network operator fraud, Revector, has won two prestigious Queen's Awards for Enterprise. The company has been rewarded with Queen's Awards for Enterprise in Innovation and in International Trade.
Founded in 2002, Revector has operated in more than 75 countries around the globe helping mobile network operators to reduce and eliminate some of the estimated $58 billion* losses within the mobile telecommunications industry.
Initially focussing on combating GSM Gateway or "SIM Box" fraud, the company has enabled mobile network operators to significantly reduce or even eliminate fraud on their networks, saving billions in otherwise lost revenues.
During 2012 Revector has launched a series of new Security and Cyber initiatives including its "Locate and Eliminate" service that enables mobile network operators to determine the physical location of fraudsters to a single building or office, enabling authorities to make arrests and seize equipment.
Andy Gent, CEO of Revector, said: "The two Queen's Awards recognise our commitment to create a global business that is at the forefront of anti-fraud technology. As a British company operating across the world, we have built a reputation for delivering the most effective services on the market and we are delighted to have been recognised in this the Queen's Diamond Jubilee year."
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About Revector:
Founded in 2001, Revector creates products and services that enable telecommunications companies to quickly and effectively counter fraud. Working with operators including Vodafone, Bharti Airtel, Hutchison Three, Zain, Digicel, Etisalat, Telenor, Tele2, Tigo, MTS, NTT DoCoMo, Rogers, T-Mobile and Cable & Wireless, Revector's products have enabled mobile network operators to remove millions of dollars' worth of fraudulent activity from their networks. To find out more visit www.revector.com
GSM Gateway/SIM Box Fraud – facts:
- A recent report from Juniper Research reported that mobile network operators were losing $58 billion a year to billing errors and fraud
- Communications Fraud Control Association (CFCA) estimates that in 2011 the cost of SIM Box/GSM Gateway fraud to the telecoms industry was more than $4.5 billion
- 89% of operators surveyed by CFCA said fraud losses had increased or stayed the same since 2008
Contacts:
XL Communications
Chris Bignell
Chris@xl-comms.com
+44
7834 020460
