Sep 15, 2011,
Bangalore, INDIA – Subex Ltd, a leading global provider of operations and business support systems (OSS/BSS) for communications service providers (CSP’s), has launched a whitepaper about helping prevent fraud in Machine to Machine (M2M) communications and Embedded Mobile environments. Subex’s industry leading Revenue Operations Centre (ROC®) Fraud Management solution provides real-time fraud controls that can help prevent telecommunication fraud in M2M.
Machine to Machine (M2M) Communications and the related concept of Embedded Mobile refers to technologies that allow both wireless and wired systems to communicate with other devices of the same ability. M2M devices have been in existence for over a decade, but have been predominant in the automotive sector until recently.
M2M devices are now penetrating the consumer applications sector such as smart metering, supply-side generation management, home and business surveillance, cardio-vascular disease and diabetes management, and body area networks. The advancement of wireless networks has changed the M2M ecosystem from a restricted one-to-one device communication into a connection of networks that relay data to and from multiple devices very fast and at relatively low cost.
Declining average revenues per user (ARPU) and increasing customer demands for real-time access to services, have prompted service providers to venture into new areas with new underlying revenue models. One of the most prominent is the M2M market. This rapidly expanding market presents a great opportunity for CSPs to increase their revenues.
The ROC Fraud Management Solution from Subex is built to drive fraud prevention by eliminating known frauds, uncovering new fraud patterns, minimizing fraud run-time, augmenting internal controls, and supporting continuous fraud management process improvement.
“As CSPs continue to exploit this growing market, it is crucial for them to have appropriate controls in place to counter various fraud threats. An end-to-end fraud management solution like Subex’s ROC Fraud Management can help CSPs counter existing and future M2M frauds.” said Mark Nicholson, Chief Technology Officer at Subex. He further added, “Since M2M is a relatively new and dynamic environment, at Subex, we are committed to work with our customers to stay on top of new fraud trends, which if not properly addressed could lead to substantial exposure and revenue loss.”