ORLANDO, Fla.-Lucent Technologies Inc. introduced a new fraud detection application based on its Quick to Market platform, a transaction processing and service plan.
The fraud management solution uses signature algorithms from Bell Laboratories, which are based on statistical and data-mining principals, to create behavioral signatures for individual subscribers from all completion and call set-up information. Each call is scored against a customer’s signature and fraud profiles so calls indicative of fraud can be identified and acted upon.
The company said the product reduces false hit rates-or the number of false positives on legitimate customers.
The fraud application operates real-time on the network for next call prevention.
The product is now available in a trial release and the company expects to launch it commercially by the middle of next year.
