Global Banking & Finance: Trustonic Helps Mobile Operators Improve Financial Performance
Mobile cyber security leader Trustonic today announces its new Asset Lifecycle Protection Service (ALPS) for mobile network operators. Mobile operators can now eliminate smartphone theft, fraud and trafficking, allowing them to safeguard their device investments, protect revenue and drive additional profit contribution.
Developed in collaboration with some of the largest operators in North America, this robust solution can be deployed rapidly and scaled across device ranges spanning multiple OEMs. Unlike other solutions that only solve part of the problem, ALPS establishes a Root of Trust, meaning fraudulently obtained devices cannot be unlocked or reused.
Smartphone crime is negatively impacting the industry
With device theft and fraud ranging from 5% to 25% of shipments and operators reporting a 200% YOY increase in armed robberies at retail stores
1, employees, customers, brand reputation and profit are suffering. Ben Cade, CEO, Trustonic, comments: A global crime wave of stolen, fraudulently obtained and sold-but-not-activated smartphones is costing operators billions of dollars in lost revenue annually, not to mention the loyalty of defrauded customers and the safety of employees. Trustonic is pleased to launch ALPS globally and make it available in all markets, after developing and proving the service with some of North Americas largest operators.
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