TransNexus: Next Generation Telecom Fraud Detection

TransNexus is a leading innovator in fraud detection software for telephone service providers. "Telecom fraud has become the number one challenge for the telephone industry. Fraud attacks on telephone networks have become just as relentless as cyber-attacks on data networks," says Jim Dalton, CEO of TransNexus. A recent survey conducted by the Communications Fraud Control Association, the premier international agency for revenue assurance and fraud control, estimates telephone companies lost over $46.3 billion in 2013 because of telecom fraud. Dalton adds, "Telecom fraud and fraud solutions have been around for decades, but the world has changed. The old technology of the Public Switched Telephone Network (PSTN) is being replaced by new Voice over IP (VoIP) technology which gives fraudsters many new ways to hack telephone networks. The fraud tools for PSTN technology are no match for VoIP technology. Recognizing this problem, TransNexus is the first and only company offering SIP Analytics® fraud detection that stops fraudulent VoIP calls before they occur."

Fraud detection based on PSTN technology relies on analysis of Call Detail Records (CDRs), but CDRs are created after a call is completed. So by design, PSTN fraud systems can only detect a fraud attack after calls have ended and the CDRs are analyzed. This analysis technique is too slow. With VoIP technology, thousands of fraudulent calls can be made in minutes, generating thousands of dollars in losses before the first CDR is analyzed. TransNexus SIP Analytics® is different. It analyzes the call signaling before call setup and can automatically block or divert fraudulent calls in real time.

TransNexus is well positioned to thwart VoIP fraudsters. The company has been focused on VoIP routing, monitoring and analysis applications since its beginning. TransNexus was founded in 1997 at the dawn of the VoIP industry.