Subex Limited has been chosen by ElevenPaths, Telefónica Cybersecurity Unit to offer a Fraud Management-as a- Service (FMaaS) solution. Telefonica 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 Telefonica and Subex will result in the new ’Telefonica 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.