Cloud-based solution uses real-time crowdsourcing to offer around-the-clock protection.
BICS, a global wholesale carrier for voice, mobile data and capacity services, today announced it has blocked more than 500 million fraudulent call attempts using its FraudGuard platform, saving the industry millions of euros in lost revenue. Using its crowdsourcing model, FraudGuard identifies up to 100 new threats per day from its international partner networks, enabling operators to lead the fight against telecoms fraud.
BICS' cloud-based crowdsourcing platform offers more than 800 of its partners access to a cost-effective fraud solution that enables them to share intelligence information in real-time. Intelligence available to carriers comprises of every unique fraud threat experienced by BICS partners around the world, allowing the other carriers to proactively protect themselves from future criminal attempts.