Oculeus, a leading provider of innovative OSS/BSS solutions for telecommunications service providers and network operators, has announced that the company has won the Cybersecurity Excellence Award for its Oculeus Anti-Fraud System in the category for Communication Fraud Protection.
The Cybersecurity Excellence Awards is an annual award competition honouring individuals and companies that demonstrate excellence, innovation and leadership in cybersecurity.
The Oculeus Anti-Fraud System is used by telecommunications service providers, network operators and other providers of voice-based services to protect against fraudulent telecommunications traffic and the revenue losses caused by fraud.
The Oculeus Anti-Fraud System provides an automated framework to efficiently identify and prevent fraud. The solution builds a baseline profile of expected telecommunications activity and continuously monitors all telecommunications traffic using call attempt evaluations, call records and commercial data to check for traffic anomalies and patterns that are typical of fraud.
In addition to rapid post-call fraud evaluations, the system performs fraud evaluations before the start of a call by working with a SIP redirect server and a pre-call fraud detection engine in order to evaluate all pre-call attempts and immediately block traffic that is identified as fraudulent. The system allows an unlimited number of scenarios to be analysed for instances of fraud, including parameters such as time, frequency, call value, destination, origin and more.
By performing fraud evaluation and blocking in near-real-time before the start of a call with automated processes, the Oculeus Anti-Fraud System eliminates or significantly reduce potential revenue losses caused by fraudulent telecommunication traffic.
“Our application of anomaly detection combined with automated processes is extremely fast and rather unique for telecoms fraud prevention practices,” said Arnd Baranowski, CEO of Oculeus. “As we prepare for the launch of our new version, this award provides important confirmation of our innovative approach to telecom fraud prevention and the unique value we are delivering in positioning our customers to better protect their communications networks against fraud.”
Oculeus is planning to launch a new version of its Oculeus Anti-Fraud System that will specifically focus on near-real-time and real-time PBX hacking protection. The new version will allow telecommunications and managed service providers to host the system and provide their enterprise customers with communication fraud protection services.
