Telecom Fraud is Single Biggest Cause of Revenue Loss for Operators

TTI Telecom International and Business Support Systems (BSS) announced that Eitan Idelson, Director of Regional Marketing, will present at the International Forum of Irregular Network Access (FIINA) network fraud conference in Malta, on November 4-8, 2002, and present a live demo of the Company's advanced FraudDetect application, designed to detect and combat fraud.

Industry-leading companies scheduled to attend the Conference include Belgacom, Telia AB, Telecom Italia, France Telecom, British Telecom, Telstra and Deutsche Telekom.
FIINA, a leading Fraud and Security industry association, estimates a figure for global telecommunications fraud of $55 billion per year, and believes that operators lose as much as 6% of their annual revenue to fraud.

"Telecommunications fraud is one of the largest causes of revenue loss for service providers," said Mr. Idelson. "With the advent of new services such as 2.5G, 3G and VoIP, and as telecom fraud becomes increasingly sophisticated, this problem will only become compounded. To combat this, service providers will need advanced systems that can detect all types of fraud. Failure to do so may result in substantial revenue loss, and no operator can afford that today."

TTI Telecom's FraudDetect can handle all known types of fraud, including subscription, internal and inter-carrier fraud. What makes FraudDetect unique is its adaptive profile-based learning process, which detects changes in usage pattern and sends alerts upon detection of new possible fraud methods. FraudDetect can also extract subscriber information from external third-party systems such as Billing and Customer Care. By presenting subscriber information on a single screen, FraudDetect facilitates timely and accurate decision making on whether suspected activity is fraud. FraudDetect is a component of TTI Telecom's Revenue Assurance solution, which also comprises the CallExpert, Billing Verification and Billing Mediation applications.

"FraudDetect not only detects fraud, it also enables operators to combat fraud in real-time," continued Idelson. "Its integration with TTI Telecom's Network Command Interface (NCI) application allows authorized users to send commands to the network elements in response to suspected fraudulent activity in real time, including automatic or manual call termination, selective blocking and line restriction commands."

Concluded Idelson, "Several of our customers have implemented FraudDetect and have reported that use of the system has helped them to significantly minimize fraud-related lost revenues within the first year of the system's implementation. Customers also noted that FraudDetect is not only technologically robust, but also understands and meets their business and organizational needs to help them successfully thwart fraud attacks and track down the perpetrators of such attacks."