LATRO Joins Fraud Intelligence Blockchain to Enhance Fraud Prevention

Article Highlights
Off On

In a significant stride to improve fraud prevention, LATRO has joined forces with the Fraud Intelligence Blockchain, an initiative that aims to tackle fraudulent activities in the telecommunications and fintech industries. Fraud Intelligence Limited (FIL), a joint venture between ORILLION Solutions and SORAMITSU, spearheads the Fraud Intelligence Blockchain, which facilitates the sharing of crucial fraud intelligence among telecom firms, vendors, and law enforcement agencies. This collaboration is poised to revolutionize fraud detection and prevention by pooling data and strategies from various industry participants.

Access to a Vast Database

Comprehensive Fraud Identifiers

By integrating with the Fraud Intelligence Blockchain, LATRO gains access to a robust, constantly updated database that contains over two million fraud identifiers. This invaluable resource grows by more than 200,000 new data points each month, ensuring that LATRO remains at the forefront of fraud prevention. The database spans a wide array of fraud types, including Wangiri, International Revenue Share Fraud (IRSF), stolen devices, IP address-related fraud, SMS A2P, and phishing URLs. The breadth and depth of this information provide LATRO with the insights needed to combat a broad spectrum of fraudulent activities effectively.

This extensive database is the result of contributions from a diverse group of industry participants across 150 countries. By sharing their data and expertise, these participants collectively enhance the fraud intelligence available on the blockchain platform. This collaborative approach not only strengthens global fraud detection capabilities but also fosters a sense of community and shared responsibility among stakeholders. As a result, LATRO can offer its clients more robust and reliable fraud prevention solutions, leveraging the collective knowledge and resources of the entire network.

Tokenization and Incentives

A unique aspect of the Fraud Intelligence Blockchain is its tokenization mechanism, which incentivizes the contribution and use of fraud intelligence data. This model benefits LATRO by providing cost-efficient access to valuable information through a freemium pay-per-use structure. Participants in the blockchain can earn and use internal digital credit tokens, promoting transparency and collaboration within the network. This system encourages responsible engagement and ensures that all participants are motivated to contribute accurate and relevant data, ultimately enhancing the overall effectiveness of the fraud prevention efforts.

This tokenization mechanism also introduces an element of gamification, making the process of sharing and utilizing fraud intelligence data more engaging and rewarding. By earning tokens, participants can offset the costs of accessing the data they need, creating a mutually beneficial ecosystem. For LATRO, this means not only gaining access to a wealth of fraud intelligence but also benefiting from a dynamic and collaborative community that is continually working to stay ahead of emerging threats. This innovative approach to data sharing and incentivization sets the Fraud Intelligence Blockchain apart from traditional fraud prevention solutions.

Advanced Technologies

Confidence Scoring System

LATRO will also leverage FIL’s proprietary confidence scoring system, which dynamically updates fraud detection data to ensure relevance and accuracy. This system plays a crucial role in maintaining cutting-edge fraud prevention solutions by phasing out outdated information and continuously integrating new, validated data. The confidence scoring system evaluates the credibility of fraud intelligence contributions, assigning scores based on various factors, such as the source’s reliability and the data’s timeliness. This helps LATRO focus on the most accurate and actionable information, enhancing the effectiveness of its fraud prevention strategies.

The dynamic nature of the confidence scoring system ensures that LATRO remains agile in its approach to fraud detection. As new threats emerge and evolve, the system adapts, providing LATRO with the most up-to-date and relevant insights. This continuous updating process is essential for maintaining high detection accuracy and minimizing false positives, which can be costly and time-consuming for businesses to manage. By incorporating this advanced technology into its fraud prevention toolkit, LATRO can offer its clients a more reliable and efficient solution for combating fraud.

Enhancing Global Fraud Detection

In a major effort to enhance fraud prevention, LATRO has teamed up with the Fraud Intelligence Blockchain initiative, which is dedicated to combating fraud in the telecommunications and financial tech industries. This initiative is led by Fraud Intelligence Limited (FIL), a joint venture created by ORILLION Solutions and SORAMITSU. The primary function of the Fraud Intelligence Blockchain is to enable the sharing of crucial fraud-related information among telecom companies, vendors, and law enforcement agencies. This partnership is set to transform the way fraud is detected and prevented by consolidating data and strategies from a wide range of industry participants. This collective approach aims to create a more robust framework for identifying and mitigating fraudulent activities, ultimately leading to a significant reduction in fraud. With the expertise and resources of LATRO, ORILLION, and SORAMITSU combined, the industry can expect more effective and comprehensive methods for addressing the ever-evolving tactics of fraudsters.

Explore more

How Does AWS Outage Reveal Global Cloud Reliance Risks?

The recent Amazon Web Services (AWS) outage in the US-East-1 region sent shockwaves through the digital landscape, disrupting thousands of websites and applications across the globe for several hours and exposing the fragility of an interconnected world overly reliant on a handful of cloud providers. With billions of dollars in potential losses at stake, the event has ignited a pressing

Qualcomm Acquires Arduino to Boost AI and IoT Innovation

In a tech landscape where innovation is often driven by the smallest players, consider the impact of a community of over 33 million developers tinkering with programmable circuit boards to create everything from simple gadgets to complex robotics. This is the world of Arduino, an Italian open-source hardware and software company, which has now caught the eye of Qualcomm, a

AI Data Pollution Threatens Corporate Analytics Dashboards

Market Snapshot: The Growing Threat to Business Intelligence In the fast-paced corporate landscape of 2025, analytics dashboards stand as indispensable tools for decision-makers, yet a staggering challenge looms large with AI-driven data pollution threatening their reliability. Reports circulating among industry insiders suggest that over 60% of enterprises have encountered degraded data quality in their systems, a statistic that underscores the

How Does Ghost Tapping Threaten Your Digital Wallet?

In an era where contactless payments have become a cornerstone of daily transactions, a sinister scam known as ghost tapping is emerging as a significant threat to financial security, exploiting the very technology—near-field communication (NFC)—that makes tap-to-pay systems so convenient. This fraudulent practice turns a seamless experience into a potential nightmare for unsuspecting users. Criminals wielding portable wireless readers can

Bajaj Life Unveils Revamped App for Seamless Insurance Management

In a fast-paced world where every second counts, managing life insurance often feels like a daunting task buried under endless paperwork and confusing processes. Imagine a busy professional missing a premium payment due to a forgotten deadline, or a young parent struggling to track multiple policies across scattered documents. These are real challenges faced by millions in India, where the