Billion Dollar Issue – Smartphone theft, fraud, trafficking & sold-but-not-activated devices
With theft and fraud ranging from 5% to 25% of device shipments and operators reporting a 200% YOY increase in armed robberies at retail stores, employees, customers, brand reputation and profit are suffering. The problem is costing the industry billions of dollars in lost revenues every year.
Existing manual unlock codes are easy to overcome, expensive to administer and are a poor experience for subscribers. Point software solutions and OEM-specific remedies are not scalable across evolving device ranges and are easily defeated by determined criminals.