Irish start-up Xintec’s FMSevolution fraud protection solution will be deployed by French telco Euro-Information Telecom (EI Telecom) as part of its fraud protection strategy. The contract is worth an estimated €300,000.
EI Telecom is the largest mobile virtual network operators in France, with over 1.4 million customers and operated five brands: NRJ Mobile, Cofidis Mobile, CIC Mobile, Credit Mutuel Mobile and Auchan Telecom.
This deployment allows EI Telecom to enjoy better fraud protection, particularly in relation to international revenue share fraud (ISRF), which remains one of the biggest threats to mobile and fixed-line operators.
In a typical IRSF case, fraudsters hijack SIM cards which are used to make international calls to premium rate service numbers overseas. By inflating the traffic to these numbers, criminals share the proceeds with unscrupulous service providers, leaving the operator who issued the SIM cards with a substantial bill.
Xintec and Colin Yates Consulting developed Prism, a database of some 100,000 actively managed test-call numbers which are issued to premium rate service providers or fraudster to confirm their number can be called from a given country or device. When deployed using the Xintec FMSevolution fraud detection platform, malicious activity can be detected either before an attack occurs or as it is taking place based on activity from such test numbers. The database is updated every 6-8 weeks, reducing the need to remove entire number ranges and block legitimate services.
“By adding FMSevolution to our existing fraud detection capability, we can now better manage a particularly important risk area within our organisation”, said Philippe Sikora, head of strategy & internal control at EI Telecom. “IRSF is one of the industry’s most enduring problems and it is crucial that we remain vigilant at all times to ensure our roaming and interconnect revenues are fully protected.”
Xintec CEO and founder Sean Killeen said: “Prism has proven to be a very effective solution in the fight against IRSF, and the proposition is very unique on the market today. In today’s competitive market, superior performance and value for money are the most important criteria for mobile network operators in the selection of anti-fraud solutions, and EI Telecom’s decision is a clear endorsement of our technology advantage in this space.”
Xintec’s customers include Vodafone, Orange, Cable & Wireless and Orascom.
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