|
|
|
| |
Stops More Kinds of
Fraud That Others Miss 
"I was skeptical, at first, that phone fraud could be stopped because we already had a fraud system. Using Beck's fraud system, We're stopping virtually 95%."
Case Folder: Long Distance Wholesaler - Internal Fraud
An FPSS long distance retailer advised its wholesaler that FPSS reports had exposed internal fraud within the wholesaler. The wholesaler queried its fraud detection system, found no unusual activity, and ignored the retailer's FPSS report.
Sixty days later, the wholesaler called back. $1-2 million had been lost from the same area that FPSS alarmed after 20 minutes. FPSS found fraud that another system could not find, even when directed to it. The wholesaler's ultimate loss was tens of millions of dollars.
|
|
|
Shuts down Fraud Faster!
"I didn't believe it! Within 6 months of using Beck's [fraud] system, we stopped 310 'call sell' operations within minutes of startup. Before, it took us 4-5 days."
Case Folder: Long Distance Carrier - International Fraud
FPSS alarmed on suspicious international usage minutes after it began. When investigators sought permission to shut down the subscriber, they were told that a $10,000 deposit had been received. Later, $250,000 was lost because the FPSS warning was not acted upon.
Case Folder: Long Distance Carrier -Hacking
FPSS alarmed 10 calls of one-minute durations as a probable 10-phone call-sell operation testing its phones. Criminals had hacked into one PBX, linked to another, then a third, then placed international calls. FPSS alarmed on abnormal usage signatures. More than 300 such call-sell operations were shut down in less than 11 minutes.
|
| |
New Technology: Why It Works Faster
"Our previous fraud system simply was not smart enough. With Beck's system, we cut our fraud from $8 million to a few thousand in one year while tripling our traffic"
Case Folder: 800 Service Provider - Subscriber Fraud
An 800 business customer with call forwarding operated normally for 60 days. FPSS paged a supervisor when long international calls began one Friday night.
After no response, FPSS paged a manager. He logged in remotely, shutting down the subscriber after two hours of international fraud. Had FPSS not alarmed this violation, losses would have reached $400,000 by Monday morning.
Beck's approach is more thorough than others. Every critical parameter of every CDR (Call Detail Record) is processed and stored. Our unique "Learning Module" generates a "Usage Signature" for every customer - new and old. We learn their individual habits.
FPSS rapidly detects any deviation from this model whatever the ruse. And our "multiple rules-based" system thwarts even the most covert crooks.
|
| |
Fast Payback
Case Folder: Long Distance Carrier - Payback
Worse than they thought: One FPSS customer was surprised to learn its total fraud had reached $830,000 per month before installing FPSS. Six months after installation, fraud had dropped to $2,700 per month. This FPSS system paid for itself within two weeks savings. FPSS now contributes twice its total cost to the customer's bottom line each and every month.
"The Beck System costs peanuts next to the benefits. It paid for itself and my entire departments annual expenses in the first month."
"Best investment in fraud management I've ever seen. It [Beck's fraud system] it paid for itself in months."
"..our bad debt dropped to next to nothing. And we cut $3 million in fraud in one month."
Beck's fast payback comes from FPSS' rapid detection of more kinds of fraud.
|
| |
Crooks Don't Get Away With It!
Case Folder: Long Distance Carrier Calling Card Fraud
A subscriber's personal calling card averaged $150 per month for 90 days. When usage jumped to a $2-4,000 rate per month, FPSS alarmed it immediately. But the customer said his cards weren't stolen and shouldn't be canceled. However, when invoiced he would not pay his bills as "the calls were not his."
FPSS reports and tools focused investigators' efforts. The subscriber's new telemarketing business was located, the calls were proven to be his, and he was forced to pay outstanding invoices.
|
| |
Full Compatibility -- On-Target Reports
FPSS integrates with all switching systems and networks. It is scalable to your traffic load - and your growth. FPSS streamlines investigators' work because its analyses and reports direct them to precise trunks, originating numbers, and patterns. Confidence level on a typical alarm is 85%. When FPSS escalates alarms, confidence level climbs to 99%.
|
| |
|
| |
Trademark Notice: "Fraud Prevention SmartSystem," and "Usage Signature" are Registered Trademarks of Beck Computer Systems, Inc.
|
|