Oculeus Press Release: Oculeus is highlighted in a new analyst report on telecom fraud management
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Oculeus Press Release – Oculeus is highlighted in a new report on telecom fraud management

Oculeus is highlighted in a new analyst report on telecom fraud management

Company is acknowledged for advancing fraud protection for both telcos and their enterprise customers

Frankfurt, Germany (September 14, 2017) – Oculeus, the leading provider of innovative OSS/BSS solutions for telecommunications companies and mobile operators, today announced that the company 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.

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.

“Our unique approach to fraud prevention is helping our telco clients improve their fraud management practices, better serve their business customers and it might even generate new sources of revenue by offering an innovative fraud management service,” concluded Baranowski.

About Oculeus

Oculeus is a leading provider of innovative OSS/BSS solutions for telecommunications companies, mobile operators and other providers of voice-based communications services. Oculeus’ systems portfolio includes the company’s flagship Captura solution, a wholesale, routing, operations and billing system for managing a service provider’s interconnect voice business. Oculeus also offers complete systems for anti-fraud management, network quality monitoring, dispute management, SMS management and roaming business intelligence and agreements management, which can be deployed individually or as bundled solutions. Oculeus has been serving customers since 2004 as a technology partner and strategic vendor. Oculeus is a German GmbH company with offices in Germany and the United States. For more information, please visit www.oculeus.com.

About Technology Research Institute

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 recent years, TRI has authored major reports on fraud management, revenue assurance and telecom analytics/big data solutions. TRI also publishes two online blogazines: Black Swan Telecom Journal is focused on revenue protection via fraud control, revenue assurance, partner management and analytics systems; and Top Operator covers telecom network backbone, cloud, interconnect/wholesale and back office solutions.

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