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New real-time Oculeus service fights telecoms fraud

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Oculeus, an innovative telecommunications software provider from Germany, has announced the launch of a cloud-based fraud protection service. The new solution, branded with the name Oculeus-Protect, is designed to meet the growing needs for security in the enterprise telecoms industry. The new fraud protection service is supported by the company’s regional cloud environment, and is currently available throughout Europe, and North and South America.

 

The software provider defines the new service as “a real-time telecoms fraud protection service that provides enterprises an intelligent and automated framework to efficiently prevent false charges resulting from unauthorized usage of enterprise telecommunication channels by cybercriminals and other perpetrators of telecom fraud”. They claim that the software is able of block fraudulent telecommunications traffic within milliseconds, and have positioned the service to be totally independent of user’s telecommunications service provider.

 

“There is a clear and definite need for our new telecoms fraud protection service,” says Arnd Baranowski, CEO of Oculeus. “In many places, the burden of proving and even paying for the false charges resulting from telecoms fraud are on the enterprise and relying solely on the telco for protection is not sufficient.”

 

“Defense-in-depth is a wise practice considering today’s threat-rich digital world. In countries like the US, the enterprise is actually financially responsible when fraudsters highjack your PBX and dial up a $40,000 bill over a weekend,” states Dan Baker, Research Director of Technology Research Institute, who monitor the fraud control software market. “In a simple and transparent way to achieve defense-in-depth, the new Oculeus service provides very affordable insurance.”

 

The Oculeus-Protect service is initiated by defining the basic profile of projected telecommunications activities. The technological processes constantly monitor the relevant communications network in real-time for traffic anomalies and other patterns typical of telecoms fraud. Any perceived suspicious traffic is instantly sent to a fraud detection engine located in the Oculeus cloud environment. If confirmed to be fraudulent, the traffic is blocked immediately.

 

Registered users will have online access to detailed reports of the enterprise’s voice communications activities, as well as graphic overviews of the fraud prevention events. Oculeus offers the new service for a monthly fee, and charges for each PBX device that is protected.