cVidya's FraudView(R) Detects Bypass Fraud Operation at Large GSM Operator in APAC
The bypass fraud scheme incurred losses over one million US dollars in two months.
- (1888PressRelease) October 24, 2012 - cVidya Networks, (www.cvidya.com) a global leader and innovative provider of Revenue Intelligence solutions for Telecom, Media and Entertainment service providers, announced today the detection of a large scale bypass fraud scam in APAC through the implementation of cVidya's Fraud Management solution, FraudView. The call bypass systems implemented are said to have incurred fraud losses in the millions of dollars. cVidya's FraudView detected the illegal simbox use within hours from the solution implementation. With the information gathered by FraudView, authorities were able to locate and apprehend the fraudster immediately.
FraudView detected and located the person behind the fraud ring using its innovative bypass fraud system. The accused man was arrested in his home by local authorities. The operator filed the complaint with the authorities after discovering a very high volume of international calls made from a single location where the suspect lived. This FraudView system currently covers thirty million subscribers and detects thousands of bypass cases daily. The fraudster was found with various types of sophisticated telecom fraud equipment in his home which were seized by authorities. Bypass fraud allows for an international call to look like a local call so that telecom operators are not able to receive long distance charges and other fees.
"We are proud to see that our clients are benefitting from our solutions and that justice is prevailing," said Along Aginsky, CEO and president of cVidya. "cVidya is ranked by leading research firms among the top RA & FM vendors worldwide. With our award-winning software and amazing team of specialists we were able to uncover this scheme. Quite simply, our solutions work, and in this case, even better and faster than our client had expected."
FraudView is the leading fraud management solution for Telecom providers. It identifies traditional and next-generation fraud patterns and performs real-time subscriber risk management to prevent fraud losses across all business lines and services. FraudView introduced the first 3G and VoIP fraud solutions as well. FraudView identifies all types of fraud patterns including bypass fraud, internal fraud, and subscription fraud and has been shown to consistently reduce fraud by as much as 90%. In addition, FraudView identifies mobile money fraud and is capable of enhanced link analysis over social networks as well, all with location-based fraud detection.
About cVidya Networks
cVidya Networks is a global leader and innovative provider of revenue-intelligence solutions for telecom, media and entertainment service providers. The company's product portfolio helps operators and service providers maximize margins, improve customer experience and optimize ecosystem relationships through revenue assurance, fraud management, operational risk management, sales performance management and pricing analytics. Backed by a team of highly skilled professional experts and consultants, cVidya's solutions have a proven track record of achieving rapid ROI and lower TCO. With over 150 customers and an extensive network of regional offices in Europe, North America, Latin America, Africa and APAC, cVidya has one of the largest installed bases of revenue-assurance and fraud-management implementations worldwide.
Media Contact:
Jeremy Hess
NCSM Strategic Marketing
jeremy ( @ ) ncsm dot co dot il
T: +972-547-684139
( @ ) NCSM_PR
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