TRI report recognizes Oculeus for its telecom fraud management solutions

NEW DELHI:  Frankfurt-headquartered  OSS/BSS solutions provider, Oculeus has been recognized for delivering rapid fraud protection to both telcos and their enterprise customers in a new analyst report from Technology Research Institute (TRI), a market research firm that has been following the telecom industry since 1994.

Technology Research Institute (TRI) has been writing and researching telecom software and systems markets since 1994. Its industry reports have covered the gamut of telecom systems from billing and service assurance to customer care and provisioning.

In the report titled Telecom Fraud Management Services, Solutions & Strategies 2017, TRI examines alternative approaches for fraud prevention and analyzes the vendor landscape for fraud management systems.

“Transporting packets across the globe is no longer the key issue. The challenge today is one of control. How can an operator make a profit in the business? And in that quest, the ability to control fraud has become as critical as being good at billing, pricing, routing and revenue assurance,” explained Dan Baker, Research Director at TRI. “Oculeus offers a real-time approach for identifying fraud and has also created an opportunity for telcos to provide that same fraud protection to their enterprise customers.”

The company’s Oculeus Anti-Fraud System provides an automated framework to quickly identify and prevent fraud. The Oculeus Anti-Fraud System continuously monitors a baseline of network traffic for anomalies that are typical of fraud. In addition to rapid post-call fraud evaluations, the system performs fraud evaluation before the start of a call by working with a SIP redirect server and a pre-call fraud detection engine in order to evaluate pre-call call attempts and immediately block traffic that is identified as fraudulent.

“If the mission is to truly prevent fraud and not just block it when detected, then attention must be paid to stopping lower level call attempts to hack and gain access to an enterprise PBX through brute force,” wrote Baker in the report. “Oculeus’ system quickly identifies the IPs of hackers so these can be blocked immediately and prevent lost revenue.”

“Many fraud and revenue assurance managers tell us that anywhere from 6 to 48 hours is an acceptable timeframe for identifying fraud”, explained Arnd Baranowksi, CEO at Oculeus “Our approach is to identify fraud within 15 minutes and we expect to have this down to under 60 seconds in the near future!”

In addition to providing protection against revenue losses caused by PBX hacking and other similar incident of communication fraud, Oculeus’ system provides meaningful reports allowing enterprises to understand their typical telephony and communications behavior.