Oculeus Targets Enterprises with New Cloud-based Telecoms Fraud Protection Service

6d ago
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Oculeus Targets Enterprises with New Cloud-based Telecoms Fraud Protection Service Image Credit: vska/Bigstockphoto.com

The Germany-based telecommunications software solution provider Oculeus today announced that the company has launched a cloud-based telecoms fraud protection service.

This new service is targeted at enterprise customers and has been branded with the name Oculeus-Protect.

In an official statement from the company, Oculeus described this new service as a real-time telecoms fraud protection service for enterprises to reduce the risks of PBX hacking and toll fraud. The service is designed to provide an automated framework to prevent false charges resulting from unauthorized usage of enterprise telecommunication channels by cybercriminals and other perpetrators of telecom fraud.

The company claims that its service is capable of blocking fraudulent telecommunications traffic within milliseconds and has positioned the service to be completely independent of user’s telecommunications service provider.

“There is a clear and definite need for our new telecoms fraud protection service,” stated 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.”

Oculeus’ new telecoms fraud protection service runs from regional Cloud environments managed by the company.

The Oculeus-Protect service begins providing protection by building a profile of expected telecommunications activities. The service continuously monitors a communications network in real-time for traffic anomalies and other patterns that are typical of telecoms fraud. Any suspicious traffic that is detected is immediately sent to a fraud detection engine, which is also located in Oculeus’ Cloud environment, and if confirmed to be fraudulent, is blocked instantly.

“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,” said Dan Baker, Director of Technology Research Institute, a market research firm that follows the fraud control software market. “In a simple and transparent way to achieve defense-in-depth, the new Oculeus service provides very affordable insurance.”

Users registering for Oculeus’ service will also have online access to a range of reports detailing the enterprise’s voice communications activities, including graphic overviews of the protective state of the telecoms fraud prevention activities.

Oculeus is offering this new service based on a monthly fee and is priced according the number of PBX devices that are protected.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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