Useful Advices - Business

Telecom scams and fraud continues to be a multi-billion dollar problem for the U.S. consumer and for business organizations. As the telecom industry changes, so do the methods of scam artists. The best line of defense is to be aware of th

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

e current scams and types of telecom fraud that are popular and often easily carried out by scam artists.

Below is a list of the top 10 telecom scams and fraud alerts that you should know about. Aimed at both businesses and consumers, th

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

ese tactics have cost victims 10's of millions in losses in the last year alone.

#1 - "Do Not Call List" Scam

The national "do-not-call" list was put in place to protect consumers and businesses from being bombarded with telemark

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

eting pitches. Some clever scam artists are now using the list as a tool for stealing personal identities. How does it work? Victims receive a call from someone claiming to represent the federal or state "do-not-call" list. The caller the

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

n asks for personal information (to verify identity of course) such as social security numbers or bank account information as a requirement for being enrolled in the registry.

#2 - 72# Forward Calling Scam,

This scam often origin

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

ates from inside a prison or correctional facility. The victim will receive a collect call with the news that they have won a sweepstakes or prize. To claim the prize they are only asked to input a series of numbers on their touch-tone ph

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

one. This activates the call forwarding feature (#72) essentially allowing the caller free access to the victim's phone line. All calls - including long distance calls and collect calls - are then billed to the unsuspecting "sweepstakes w

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

nner".

#3 - 809 or 832 Area Code Scam

This is a common telecom scam and has caught many unsuspecting consumers and businesses off guard. Phone calls, voice mail messages and numeric pagers and even emails are the means for reachi

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

ng victims. Recipients of these calls, voice messages, emails and especially numeric pages are asked to call a telephone number that begins with the 809 (or 823) area code.

With the proliferation of new area codes over the last 10-15 yea

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

rs, (and now free long distance calling plans) most individuals do not give it a second thought when returning the call.

These area codes are indeed legitimate but originate from the Caribbean islands. The problem is that they function a

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

s "pay-per-call" numbers, similar to 900 numbers in the U.S. The 809 number can be set up to be billed at $10, $100, or $1000 or more per minute. Victims may not even realize they have been conned until they get their next phone bill. The

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

n they are in for quite a shock!

#4 - PBX Highjack Scam

Aimed at businesses, this scam is very similar to the #72 scam detailed above. A business will receive a call from someone with a line like "hello, I've been working with Jo

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

e Smith in the telecom department and we need you to dial 9-0 to test a new feature on our phone system." This gives them access to phone lines mainly for international calling. Thousands of dollars can be racked up in a matter of days -

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

all courtesy of the corporation being scammed.

#5 - "Cramming" and "Slamming" Scams

"Cramming" and "slamming" make up the most lucrative and widespread telecom scams in existence today. In fact, representatives from established c

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

mpanies such as MCI and ATT have been known to be users of these tactics.

Slamming occurs when telephone service (usually long distance service) has been switched without the consent of the customer. It is usually the result of deceptive

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

sales practices on the part of telemarketers. Slamming can also occur as the result of a sweepstakes or prize drawing signature, or even as a check sent to the customer through the mail. Upon cashing the check the customer is then switch

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

ed to the new service.

"Cramming" occurs when additional phone service (or Internet) items or features are included on the customer bill without being requested. Third parties and the carriers themselves are notorious for including these

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

"additional" charges.

Cramming charges usually fall into one of three categories: one-time entertainment services, monthly recurring membership fees, or telecom features such as voice mail, paging, Internet charges, inside wire maintena

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

nce, etc.

Local Exchange Carriers are legally required to bill for third party vendors so cramming charges can be applied by simply forwarding charges to the local telephone company on your behalf. A thorough telecom audit of your corpor

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

ate bills can uncover many cramming and slamming occurrences. Since these charges routinely return back on the bills once they are removed, it is advisable to conduct complete telecom audits at least twice per year and monthly if possible

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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