Revenue Threat Analytics Leader Signs With Digital Crime and Fraud Investigation Specialist as First Step in Building Global Sales Channel
SAN MATEO, CA and NEW DELHI, INDIA--(Marketwired - Dec 7, 2015) - Argyle Data, the leader in native Hadoop applications for revenue threat analytics in mobile communications, and Pyramid Cyber Security and Forensic (Pyramid), a specialist provider of digital crime and fraud investigation solutions and services, have signed a partnership agreement to provide an advanced fraud detection and resolution solution to mobile operators and MVNOs in India, the Middle East and Africa. The agreement is the first move in Argyle Data's strategy of rapidly expanding its global partner channel.
Smartphone usage in India continues to rise, but fraud is one of the biggest revenue risks confronting Indian telecommunications operators in a highly competitive and margin-sensitive market. The costs of international revenue share fraud, premium rate service fraud, call-back, arbitrage, and other scams in India mirror those of the global mobile communications industry, which loses about 2% of revenue, or U.S. $38 billion, annually to fraud.
"Existing mobile fraud management systems are unable to detect attacks with the speed and accuracy that is essential if operators are to stem revenue losses and increase consumer confidence," said Alok Gupta, Founder and MD of Pyramid. "Argyle Data's application exploits the power of Hadoop and machine learning to detect fraud in real time, at big data scale, and is live and proven at some of the world's largest mobile operators. The company has a unique approach and is an excellent addition to our portfolio. We are excited to work with Argyle Data to bring new fraud detection and prevention capabilities to our India, Middle East and Africa operator customers."
Pyramid helps customers in government, law enforcement, defense, and the enterprise to identify and protect against cyber crime, security breaches and fraud, using digital communication applications and artifacts. Their digital crime, fraud and forensic investigation services and information security solutions are used by law enforcement agencies, multinational organizations, and governments around the globe. The company operates digital forensic labs in Asia, the Middle East, and Africa to identify and prevent emerging threats.
"Pyramid is known for its cutting-edge security expertise, its worldwide strategic relationships, and its partnerships with best-of-breed technology providers," said Vikash Varma, President and CEO of Argyle Data. "We are very pleased to work with Pyramid to integrate and localize our offering to address the current and emerging needs of the Indian mobile communications market."
Pyramid is credited with setting up prestigious digital forensic labs and cyber security projects for a number of law enforcement agencies and enterprises.
About Argyle Data
Argyle Data is used by the world's leading mobile operators to detect the fraud, profit and SLA threats that cost the industry $38 billion per year. Argyle Data's industry leading native Hadoop application suite uses the latest Hadoop and machine learning technologies, proven at Facebook and Google, to identify the revenue threats and attack patterns being waged against mobile networks in real-time. To learn more about the latest thinking in Fraud and Big Data Technology please visit:
About Pyramid Cyber Security & Forensics
Pyramid Cyber Security & Forensic (Pyramid) is an ISO 9001-2008- and ISO 27001-2013-certified boutique Digital Forensic, Information Security and Fraud Management products, solutions and services company. Pyramid helps customers in government, law enforcement and enterprise to identify, prevent, detect, resolve and protect against threats, crimes, breaches and frauds arising due to misuse of digital and communication devices, applications and technologies. Their Solutions & Services portfolio covers Digital Forensics, e-Discovery, Incident Response, Managed Security Service, Information Protection and Counter Fraud Management. For more information visit www.pyramidcyber.com or reach out to us at email@example.com
Sunil Bhalla for Pyramid Cyber Security & Forensics
Mary McEvoy Carroll for Argyle Data
Tel: + 1-408 691 4283