cVidya Releases Enhanced Bypass Fraud Module For FraudView® to Enable CSPs to Detect Under-the-Radar and HighUsage Fraud
Billions lost each year from bypass fraud as schemes evolve and the need for immediate detection grows
London, April 19, 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 release of their enhanced bypass fraud module which seamlessly integrates into their FraudView Fraud Management solution. With the new module, CSPs are able to detect both “under-the-radar” methods and those exploiting SIM boxes, to make as many calls as possible in a short period, with advanced alert and aggregation methods. As the complexity of bypass fraud schemes continue to develop, it is crucial for CSPs to detect these fraudsters efficiently and effectively.
Bypass fraud has become the number one fraud type in developing countries as fraudsters continue to find new ways to disguise their operations by using prepaid SIMs, making only a few calls, and limiting call times. In order to help CSPs prevent losses from these new techniques, cVidya has made many improvements for instantly detecting bypass fraud. Real-time detection, within one hour, enables most bypass scenarios to be proactively blocked, and a new set of bypass predictors, based on summarized data, was also added. In addition, long-term summarization, along with an offline investigation tool, detects even the most evasive bypass practices, making cVidya’s module the most complete bypass fraud tool for CSPs.
“Bypass fraud losses are almost 3 billion dollars annually according to a recent CFCA survey,” said Alon Aginsky, president and CEO of cVidya Networks. “With cVidya’s expertise in fraud management, the enhanced module for FraudView will have much more comprehensive bypass fraud detection, barring ‘fast and furious’ scammers instantly and even catching offenders that make bypass calls over a long period of time.”
cVidya’s enhanced bypass module is part of the FraudView fraud management solution. With the new bypass module, CSPs will be able to use multiple alert aggregation time frames from one hour to one day or more and drill down in the alerts to the raw CDR level. An offline investigation utility has also been added along with the ability manage pre-alerts across different time periods.
For more information on FraudView, please see http://www.cvidya.com/Fraud_View.html
About cVidya Networks
cVidya Networks is a global leader of Revenue Intelligence solutions for telecom, media and entertainment service providers. Innovative cVidya solutions, serve to maximize margins, improve customer experience and optimize ecosystem relationships by encompassing Revenue Assurance, Fraud Management, Operational Risk Management & Compliance, Sales Performance Management and Pricing Analytics.
The cVidya experts and consultants have established a stellar track record by achieving rapid ROI and lower TCO for over 150 customers. Operating regional offices worldwide, cVidya has partnered with leading vendors to implement an impressive base of operational solutions. cVidya’s customers include British Telecom, Telefonica Group, Vodafone Group, AT&T, O2, MTN and Swisscom. Follow us on Facebook, Linkedin, Twitter or visit us at www.cvidya.com and YouTube.
