Madrid— June 18, 2017— Subex Limited, a leading telecom analytics solution provider, has been selected by ElevenPaths, Telefónica’s Cybersecurity Unit to offer a Fraud Management-as-a- Service (FMaaS) solution. Telefónica is one of the world’s largest telecommunications companies, with a global presence in 21 countries and an average of 125.000 professionals and 350 million accesses.
The agreement between Telefónica and Subex will result in the new ’Telefónica FMaaS Powered by Subex’ to protect against a comprehensive set of digital risks and threats, along with a library of fraud detection processes. The solution addresses Subscription Fraud, Internal Fraud, Premium Rate Service Fraud (PRS Fraud), and International Revenue Share Fraud (IRSF), amongst others. Additionally, ROC Fraud Management technology deployed by Subex will deliver the ability to deploy client-specific detection processes, techniques and strategies, based on particular business needs at each site.