Telefónica’s cyber security unit ElevenPaths has signed up Subex to help it offer a new fraud management as a service (FMaas) solution.

Called Telefónica FMaaS Powered by Subex, the offering includes the India-based vendor’s ROC Fraud Management technology.

The two companies said the solution would protect companies against the likes of subscription fraud, internal fraud, premium rate service fraud and international revenue share fraud.

Surjeet Singh, CEO & MD of Subex said: “In the process of undergoing digital transformation, organisations today foresee emerging threats and newer frauds, due to which customers are demanding real-time and proactive fraud management solutions.”

The new offering adds to ElevenPaths’ existing portfolio, which includes cyber, identity and privacy, data, network and device security products.

Pedro Pablo Perez García, CEO of ElevenPaths, said: “Compared to traditional solutions, the enablement of FMaaS will ensure much faster deployment times, providing far more flexibility, easier access and agility, to our business operations.

“Subex's capabilities, together with ElevenPaths', will enable us to deliver customised fraud risk & business resilience though a best-of-breed adaptive and convergent fraud risk management solution.

“This, in turn, will help our customers deal with fraud risks more quickly and effectively.”

ElevenPaths recently announced it was offering compliance with the EU’s General Data Protection Regulation (GDPR), in what it claimed was an industry first.

Read more: The growing threat of OTT hijack to telcos (and how to mitigate other fraud)

More News

EE TV adds voice commands through Amazon Alexa EE TV adds voice commands through Amazon Alexa EE TV customers will be able to control their set-top boxes through voice commands after the UK operator added support for the Amazon Alexa virtual assistant. More detail
Swisscom toasts profitable second quarter Swisscom toasts profitable second quarter Swisscom reported a 10 percent rise in net profits in the second quarter and upped its EBITDA guidance for the year. More detail
KPN buys IT firm in healthcare push KPN buys IT firm in healthcare push KPN has acquired an IT services provider as it looks to strengthen its offering to the healthcare and public sector markets in the Netherlands. More detail
“Considerable anger” at Telit as CEO resigns over fraud charges “Considerable anger” at Telit as CEO resigns over fraud charges Telit CEO Oozi Cats has formally departed the company after it emerged that he concealed historical criminal charges. More detail
Manx Telecom suspends CFO over alleged drug offences Manx Telecom suspends CFO over alleged drug offences Manx Telecom has suspended its CFO after he was charged with drug smuggling offences. More detail
    

@eurocomms