Revenue-intelligence solutions provider cVidya Networks says its fraud management solution detected a large bypass fraud scam in the Asia Pacific region and helped police catch the perpetrator.
Israel-based cVidya says FraudView detected and located the person behind the fraud ring using its bypass fraud system. The unnamed operator filed a complaint after discovering a very high volume of international calls made from a single location where the suspect lived. The fraudster was found with various types of sophisticated telecom fraud equipment in his home. That gear was 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. This FraudView solution covers 40 million subscribers and detects thousands of bypass cases daily. Gone unchecked, this type of fraud could cost operators tens of thousands – if not millions – of dollars over time.
“We are proud to see that our clients are benefitting from our solutions and that justice is prevailing," said Alon Aginsky, CEO and president of cVidya.
FraudView 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. It 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%, cVidya said. 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.