Real World Telecom Fraud Stats Revealed at AstriCon

--Nir Simionovich Shows the Frightening Side of Fraud--

Denver, CO and Ramat HaSharon, Israel – October 19, 2011 - Humbug Telecom Labs, provider of carrier-class fraud prevention, detection and telecom analytics for any size business, today announced that the chief architect of the Humbug Project will showcase the frightening reality of telecom fraud at the AstriCon show in Denver, Colorado on Wednesday, October 26 at 11:00 am.

“By presenting real instances of fraud and showcasing the impact it has on these businesses, we expect to create more awareness to a problem that will affect unprotected businesses,” said Simionovich. “It’s not a matter of IF - it’s a matter of WHEN.”

Telecom fraud affects businesses of all sizes, from mom and pop stores to the Department of Homeland Security. No one is safe and very few businesses, service providers and carriers have made the necessary provisions to prevent it. Hacker networks have found the largely unprotected telecom infrastructure the new and far more lucrative frontier for criminal behavior.

Since AstriCon 2010 the Humbug Project had grown to service over 1000 connected systems worldwide, and Humbug Telecom Labs was able to detect several traffic anomalies, that were investigated and analyzed. Simionovich will report these statistics and additional research stemming from nearly 1,000,000 instances that will shed some light on fraud occurances. Attendees will learn the breakdown of:

% of easily preventable blacklisted numbers
Real fraud vs. false positives
Collaborative Fraud Analysis – is there such a thing?

VoIP Fraud Case Studies of 2010-2011” - Wednesday, October 26 at 11:00 am.

About Humbug Telecom Labs

Humbug Telecom Labs makes it affordable for any sized business to have carrier-class fraud prevention and detection, while providing powerful business intelligence, which puts users in command of their telecom activity. Humbug also offers free Telecom Analytics to view telecom traffic in a real time, concise, readable Google Analytics-type format.

No PBX report comes close. Customizable real time alerts can be configured by the user to track telecom traffic behavior and to keep track of spending. Humbug is ideal for call centers, ITSPs (Internet Telephony Service Providers), organizations that sell by phone, businesses with significant telecom expenditures and any responsible organization cognizant of the global fraud epidemic.

Humbug easily integrates with a host of popular open source and proprietary PBX systems. Humbug is funded by Vkantakte, the social networking phenomenon ranked among the world’s Top 50 most visited sites. www.humbuglabs.org.

Asterisk, and AstriCon are trademarks of Digium, Inc. All trademarks are the properties of their respective owners.

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PR Contact:

Michael Becce

MRB Public Relations

732-758-1100 x104

mbecce@mrb-pr.com

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