cloud solutions, saas, toll fraud, toll fraud solution

Increased Cloud over LAN Down Under Friday 05 February 2016 @ 11:51

Cloud Technology  

Australia is abandoning traditional on-premises software for public cloud-based services at a faster rate than the rest of the world, according to industry analyst Gartner. The new data predicts Australian public cloud services will grow 17.5%, from $4.74 billion to $5.57 billion by the end of 2016. The worldwide cloud market is increasing slightly slower at 16.5%. 

The research indicates that Australian enterprises in particular are looking to move their datacentres online, thereby cutting IT costs. Gartner expects public cloud service growth to continue well into next year.

“The market for public cloud services is continuing to demonstrate high rates of growth across all markets, and Gartner expects this to continue through 2017,” said research director Sid Nag.

The highest growth in cloud technology will come from cloud system infrastructure services with an estimated expansion rate of 38.5%. 

The Infrastructure market is booming as enterprises transition from in-house datacentres to cloud-based servers.

"This strong growth continues to reflect a shift away from legacy IT services to cloud-based services, due to increased trend of organisations pursuing a digital business strategy," Nag said.

What cloud services offer businesses is the ability to store and process data externally, minimising on-premise infrastructure. But there is more to cloud technology than just storage. Toll fraud solutions can be delivered through the cloud, securing communications networks in real time.

Toll fraud is a common type of data hacking where fraudsters take control of a phone system enabling them to make costly calls (usually overseas) at the customer’s expense. Toll fraud cost the communications industry $54.1 billion in 2015 alone (CFCA Report, 2015).

TollShield is a cloud-based service revolutionising the Telecommunications industry by detecting and blocking toll fraud in real time.Prior to the innovative TollShield platform, breaches were usually only detected after the phones had been hacked, leaving Telcos with the option of billing their not-so-happy customers or covering the cost themselves. Standard industry practice to prevent toll fraud used to be blocking calls to high-risk countries like Cuba and Somalia. But since TollShield’s release in 2013, customers can lift any restrictions and rely on TollShield’s real-time algorithm to identify and stop any fraudulent phone calls.

In the last year Tollshield has blocked 600,000 fraudulent call attempts amid an estimated 1.5 billion legitimate calls. Find out more about TollShield capabilities.