The Problem with Current PSTN
Today's all-IP PSTN not only has critical vulnerabilities, but has also not yet become the defacto person to person signalling solution for all-IP communications.
🚨 Rampant Fraud
Caller ID can be trivially spoofed, enabling scammers to impersonate banks, government agencies, and trusted organizations. $38 billion lost annually to phone fraud.
📍 Legacy Emergency Services
Emergency service systems are based on legacy technologies, with inaccurate or missing location data, costing precious minutes in life-threatening situations and leading to preventable deaths.
💰 High Costs
Multiple intermediaries to reach a destination create unnecessary complexity and expense.
🔒 No Real Authentication
The current system has no reliable way to verify where a call originated, creating challenges for law enforcement.
📋 Lack of standards
No standard way to communicate between industry participants meaning automation challenging and adding to industry costs.
🛡️ Poor future protection
The industry invests little in its future; buying from, rather than selling to, over-the-top technology plays.