Telefónica’s cyber security unit ElevenPaths has signed up Subex to help it offer a new fraud management as a service (FMaas) solution.

Called Telefónica FMaaS Powered by Subex, the offering includes the India-based vendor’s ROC Fraud Management technology.

The two companies said the solution would protect companies against the likes of subscription fraud, internal fraud, premium rate service fraud and international revenue share fraud.

Surjeet Singh, CEO & MD of Subex said: “In the process of undergoing digital transformation, organisations today foresee emerging threats and newer frauds, due to which customers are demanding real-time and proactive fraud management solutions.”

The new offering adds to ElevenPaths’ existing portfolio, which includes cyber, identity and privacy, data, network and device security products.

Pedro Pablo Perez García, CEO of ElevenPaths, said: “Compared to traditional solutions, the enablement of FMaaS will ensure much faster deployment times, providing far more flexibility, easier access and agility, to our business operations.

“Subex's capabilities, together with ElevenPaths', will enable us to deliver customised fraud risk & business resilience though a best-of-breed adaptive and convergent fraud risk management solution.

“This, in turn, will help our customers deal with fraud risks more quickly and effectively.”

ElevenPaths recently announced it was offering compliance with the EU’s General Data Protection Regulation (GDPR), in what it claimed was an industry first.

Read more: The growing threat of OTT hijack to telcos (and how to mitigate other fraud)

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