Whitepaper issues advice on preventing M2M fraud
The spread of M2M into more consumer and commercial arenas has increased the risk of fraud and so Subex has published a white paper on how to protect networks and connections.
Called “Preventing Telecommunication Fraud in Machine-to-Machine Communications”, it discusses the prevention of fraud in M2M communications and embedded mobile environments.
Subex is a global provider of operations and business support systems for communications service providers Its Revenue Operations Centre (ROC) fraud management product provides real-time fraud controls that can help prevent telecoms fraud in M2M.
M2M devices have been in existence for more than a decade, but have been predominant in the automotive sector until recently. They 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 service providers to increase their revenues.
“As CSPs continue to exploit this growing market, it is crucial for them to have appropriate controls in place to counter various fraud threats,” said Mark Nicholson, chief technology officer at Subex.
“An end-to-end fraud management solution like Subex’s ROC Fraud Management can help CSPs counter existing and future M2M frauds. 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.”
The ROC Fraud Management product is built to drive fraud prevention by eliminating known frauds, uncovering new fraud patterns, reducing fraud run-time, augmenting internal controls and supporting continuous fraud management process improvement.