NEWS
Oculeus wins Cybersecurity
Excellence Award for
Communications Fraud
Protection
Aptean
announces
acquisition
of Paragon
Software
Systems
A
ptean, a global leader of mission-critical
enterprise software solutions, has
announced the acquisition of UK-based,
Paragon Software Systems, a market-leading
provider of transportation management
software solutions serving the food and
beverage, distribution and retail industries.
This acquisition furthers Aptean’s presence in
the European market and adds purpose-built
software designed to meet the expanding
supply chain needs of its customers around
the globe. With proven solutions that assist its
customers with routing, logistics, scheduling
and home delivery, Paragon has seen strong
growth in recent years due to the continuing
rise in e-commerce and the rapidly expanding
need for companies to support more timely
and efficient deliveries.
O culeus, a leading provider of
innovative telecommunications
solutions based in Germany, has won
the Cybersecurity Excellence Award in
the category for Communications Fraud
Protection for the third consecutive year. the most damaging forms of telecoms
fraud. PBX hacking and toll fraud involve
cybercriminals injecting expensive
telecommunications traffic, often to
remote destinations, into the telephony
systems of enterprises.
The company won the award for its
AI-driven Oculeus-Protect service for
protecting enterprise telephony systems
and communications networks against
telecoms fraud. To execute a toll fraud attack,
a cybercriminal only needs the
communication credentials of a PBX
system, which are available in every call.
Oculeus-Protect provides an intelligent
and automated framework to efficiently
prevent false charges resulting from PBX
hacking and toll fraud, which are two of
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INTELLIGENTCIO
Founded in 1991, Paragon has remained at
the forefront of the industry for over 30 years
with a track record of continuously investing
in and delivering logistics software that
helps customers solve real-world distribution
challenges. Paragon is well positioned to take
advantage of the growing transportation
management market which Gartner projects
will see accelerated growth over the next few
years, reaching US$1.94 billion by 2022. With
more than 4,700 systems deployed globally
today, Paragon’s solutions are already helping
its more than 300 customers transform their
delivery models, including many household-
name brands in the food and beverage, retail,
grocery, distribution and pharmaceutical
sectors. With a reputation for exceptional
customer satisfaction, Paragon has built a
strong global presence now poised for further
expansion under Aptean’s ownership.
The analyst firm Technology Research
Institute estimates this telecoms fraud
over enterprise PBX systems is causing
around US$8 billion in financial damage
each year to business worldwide.
www.intelligentcio.com