(IN BRIEF) Telecom Egypt has achieved a 90% reduction in caller ID spoofing fraud since deploying Enea’s voice firewall solution. Initially, over 8% of incoming calls were identified and blocked as fraudulent, deterring scammers from targeting the network further. This proactive measure ensures only genuine calls reach subscribers, preventing scams at the outset. Telecom Egypt’s Vice President and CTO, Mohamed Al Fowey, highlighted the importance of enhancing network security to protect users, while Enea’s SVP, John Hughes, commended the telecom operator’s strong security leadership. This initiative underscores Telecom Egypt’s commitment to robust telecom security.
(PRESS RELEASE) STOCKHOLM, 19-Jun-2024 — /EuropaWire/ — Telecom Egypt, the country’s primary telecom operator, has successfully reduced caller ID spoofing fraud by over 90% since deploying Enea’s voice firewall solution. Initially, more than 8% of incoming calls were identified as fraudulent and blocked, which deterred scammers from targeting the network further.
A 2023 report by the Global Anti-Scam Alliance (GASA) highlighted phone calls as the leading channel for scam attempts globally. Like many countries, Egypt faces significant issues with voice call scams, where spoofing misleads subscribers about the caller’s identity, often impersonating banks or authorities to facilitate financial fraud or personal data theft.
To combat this, Telecom Egypt implemented Enea’s voice firewall, a zero-trust solution that accurately detects and blocks spoofed calls. This proactive measure ensures that only genuine calls reach subscribers, preventing scams at the outset.
Mohamed Al Fowey, Vice President and Chief Technology Officer at Telecom Egypt, emphasized the importance of subscriber protection: “Improving end-user security to mitigate fraud and abuse in our network adds value to all our users. Enea is instrumental in securing our network against threats like caller ID spoofing.”
John Hughes, SVP and Head of Network Security Business Group at Enea, praised Telecom Egypt’s proactive approach: “Caller ID spoofing is increasing worldwide, impacting millions of subscribers and businesses annually. Telecom Egypt demonstrates strong security leadership by protecting its subscribers from such threats.”
This collaboration underscores Telecom Egypt’s commitment to robust telecom security measures, enhancing trust and safety for its subscribers.
About Telecom Egypt:
Telecom Egypt is a full-service telecom operator in Egypt, providing a wide array of telecom services to a diverse customer base. Serving individuals, communities, SOHOs, SMEs and large enterprises, Telecom Egypt offers a comprehensive, innovative, and diversified portfolio of services, ranging from fixed and mobile voice to essential data solutions that are crucial in today’s digital landscape. These services also include high-speed internet, smart solutions, data center facilities, and cloud computing solutions tailored for businesses. With a rich heritage of about 170 years, Telecom Egypt continues to lead the Egyptian telecom market by providing cutting-edge technology, robust infrastructure, and an extensive network of subsea cables to meet the needs of its enterprise and consumer clientele. The company’s pivotal role in Egypt’s telecommunications landscape is underscored by its expansive network coverage, broad service range, and dedication to fostering innovation. Aside from its mobile operation “WE”, Telecom Egypt holds a significant 45% ownership stake in Vodafone Egypt. Telecom Egypt’s shares and GDRs (Ticker: ETEL.CA; TEEG.LN) are traded on the Egyptian Exchange and the London Stock Exchange.
Please refer to Telecom Egypt’s full financial disclosures on https://ir.te.eg/
About Enea
We are a world-leading specialist in advanced telecom and cybersecurity software with a vision to make the world’s communications safer and more efficient. Our solutions connect, optimize and protect communications between companies, people, devices and things worldwide. We are present in over 80 markets and more than 4.5 billion people rely on our technology every day when they connect to mobile networks or use the Internet. Enea is headquartered in Stockholm, Sweden and is listed on NASDAQ Stockholm. Visit us at enea.com
Enea’s network security solutions are deployed by over 100 service providers worldwide, protecting networks and subscribers from threats, scams, and fraud. For more information about the voice firewall, please visit www.enea.com/solutions/signaling-security/voice-protection.
Media Contact:
Stephanie Huf
Chief Marketing Officer
E-mail: stephanie.huf@enea.com
SOURCE: Enea
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