Oculeus, the leading provider of innovative OSS/BSS solutions for telecommunications companies and mobile operators, today announced that the company has won the gold medal award for the Best IT Solution for Telecommunications at the 12th Annual IT World Awards.

The IT World Awards is an annual achievements and recognition program highlighting the year’s best products, services and technologies in all sectors of information technology.

Oculeus won this award recognition for its Oculeus Anti-Fraud System.

The Oculeus Anti-Fraud System enables telecom carriers, mobile operators and other providers of voice-based communications services to prevent revenue losses caused by a growing list of sophisticated methods of fraud, including false answer supervision, PBX hacking, bypassing/SIM boxing, pricing arbitrage and more.

The Oculeus Anti-Fraud System continuously monitors all operator traffic using call attempt evaluations, call records and commercial data to check for traffic anomalies and patterns that are typical of fraud. The solution leverages its Live Traffic Fraud Blocking capabilities to eliminate or significantly reduce potential revenue losses caused by fraudulent network traffic by performing fraud evaluation and blocking in near-real-time before the start of a call. The system works in conjunction with a SIP redirect server and a pre-call fraud detection engine to efficiently check, monitor and evaluate pre-call call attempts along with internal and external blocking information provided by the system. When fraudulent activities are identified, the offenders are immediately blocked from further usage on the service provider’s network.

“Existing fraud management efforts still focus on detecting fraud only after it has happened and revenue has been lost,” said Arnd Baranowski, CEO of Oculeus. “We are proud to receive this award recognition and see it as a direct validation of our unique approach for improving the fraud prevention practices of our customers by blocking fraud in near-real-time well before significant revenue is lost.”

Oculeus is currently extending its anti-fraud solution to enable telcos to offer fraud prevention and traffic monitoring services to their business customers.

The Oculeus Anti-Fraud solution runs on Linux services with a web-based front-end, which enables end users to access and manage the system from any browser on a PC, notebook, tablet or smartphone.