We received an announcement today that Eureka Networks, a CLEC serving Northeastern U.S. and the mid-Atlantic, has installed Equinox's Protector 10 real-time fraud management system. Eureka serves primarily business customers, providing traditional voice and data services, as well as VoIP, hosted PBX and DS3 connectivity.
Today's release is available on the TMCnet news feeds at:
Equinox specializes in software solutions for the telecommunications industry. Protector 10 provides real-time fraud-detection by "identifying instances in which a customer's actual usage varies from expected usage in a manner that suggests fraudulent activity."
Equinox says that telecom fraud costs $12 billion yearly. Sounds as if that might refer to the U.S. only, because the International Engineering Consortium (IEC) gives a higher figure for global losses at $30-$40 billion (and that's for year 2000), representing an "annual loss of 3 percent to 8 percent to the average service provider." IEC indicates that organized crime is involved in telecom fraud and that this activity might even be "more attractive than the drug market."
AB -- 10/4/05
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