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Top 5 Potential Risks in VoIP 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.

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Top 5 Potential Risks in VoIP Business

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  1. 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.

  2. VoIP Frauds • Security Breach • Data Loss • Degrading Route and Service Quality • Cash Shortage

  3. 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

  4. 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

  5. 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.

  6. 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.

  7. 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.

  8. WCEGA Tower, 21 Bukit Batok Crescent, Unit 15- 84, Singapore 658065,  + 65 31586979 For General Enquiries: info@inaani.com For Business Partners: sales@inaani.com For Wholesale/Retail Operations: sales@inaani.com Follow us on https://www.inaani.com

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