cVidya Releases Enhanced Bypass Fraud Module For FraudView® to Enable CSPs to Detect Under-the-Radar
Billions lost each year from bypass fraud as schemes evolve and the need for immediate detection grows
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.