Top 5 Potential Risks in VoIP Business


INAANI

Uploaded on Jul 1, 2019

Category Business

VoIP Business risks are easily countered with properly timed actions. To prevent any loses It is necessary to ensure the safety measures from the beginning.

Category Business

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Top 5 Potential Risks in VoIP Business

There are 2 prime sections of VoIP Business • Retail VoIP • Wholesale VoIP • Retail VoIP is easier to start than Wholesale VoIP and requires less investment • Though VoIP business is a profitable sector, there are also some risks. But the countermeasures are easy to apply and guarantee the safety of your business. • VoIP Frauds • Security Breach • Data Loss • Degrading Route and Service Quality • Cash Shortage There are 2 types of VoIP Frauds: • Fraud VoIP Companies • Fraud attacks on ongoing service   Countermeasures: • Market survey • Careful selection of service provider • Good management of the business   • Security breach can cause huge loss to the business • Some common threats: Arbitrage, Buffer overflow, Bypass/GSM gateway fraud, Call transfer fraud, Premium rate calls, PBX hacking • Countermeasure: Strong security, limited access, authentication and proper validation Common reason behind data loss: Hard drive crash of primary switch servers, deletion of the database due to human errors, software or hardware failure, operating system malfunctioning, natural disaster.   Countermeasure: The best way to counter this is to use a secure softswitch or billing software which also has the option of data backup. • Degrading the quality of VoIP Route and Service over time is a common risk. • Countermeasure: Selection of a reputed service provider and constant monitoring of quality. Degrading the quality of VoIP Route and Service over time is a common risk. Countermeasure: Selection of a reputed service provider and constant monitoring of quality. WCEGA Tower, 21 Bukit Batok Crescent, Unit 15- 84, Singapore 658065,  + 65 31586979 For General Enquiries: [email protected] For Business Partners: [email protected] For Wholesale/Retail Operations: [email protected] Follow us on https://www.inaani.com