BICS Releases Proactive Fraud Detection and Prevention Platform
Sep 06, 2013 (Close-Up Media via COMTEX) --
BICS, a strategic international wholesale partner to mobile operators, announced the launch of FraudGuard, a fraud detection and prevention solution based on a crowdsourcing model, which drives shared experience and insights across the BICS wholesale network.
According to a release, this approach creates an active community of telecoms companies which as a whole gains insights on suspicious activities reported by BICS or any of its members. The platform is delivered as a SaaS service to carriers and operators.
BICS noted that FraudGuard gives operators and carriers a means of combatting fraudulent practices in the telecoms world which can increase in effectiveness from the participatory nature of the crowd sourcing arrangement. FraudGuard is equipped with revenue analytics provided by cVidya to deliver a fully integrated solution to help carriers combat telecoms fraud. FraudGuard's surveillance capabilities across the network offer real-time detection and optimum coverage of a range of fraud types. Dedicated packages within the solution are targeted at the increasingly sophisticated fraud practices to which telecoms is subjected, including PBX hacking, IRSF, Artificial Inflation of Traffic, and Wangiri.
Additionally, FraudGuard has the ability to detect fraud by leveraging BICS' size and scale, analyzing BICS' global traffic in near real time. This approach creates an aggregated 'helicopter view' on fraud trends and provides FraudGuard users with insights to stop fraud before it reaches a given customer network.
Many types of fraud - including false answering supervision (FAS), international revenue share fraud (IRSF), PBX hacking and bypass fraud - are specific to the wholesale environment.
Jorn Vercamert, Head of Voice Business Management, BICS, says, "There is no longer any reason to allow fraud into the business. Once operators acknowledge and accept the gravity of the problem, they can share approaches and solutions with others. In a crowdsourcing model, a community is designed to raise everybody's ability to win the battle against fraud. This innovative and complete solution is based on existing and proven technology from cVidya."
FraudGuard can be deployed immediately and is available worldwide now.
cVidya Networks is a supplier of Revenue Analytics solutions to communications and digital service providers.
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