In addition to financial losses, SMS toll fraud poses regulatory challenges for financial institutions, jeopardizing their ability to continue operations. Using smart bot management solutions, these organizations can prevent automated SMS fraud attempts and staunch the flow of costly communications SMS-based security measures have long been powerful tools for financial institutions as delivery vehicles for … Continued
SMS Toll Fraud Alert: Empowering Social Media Companies to Recover Millions in Stolen Revenue SMS toll fraud is putting a severe financial burden on social media businesses, as cybercriminals exploit this communication channel for illegal financial gain. Businesses can foil these attempts by implementing robust technology-driven solutions and adopting an innovative approach to attack prevention. … Continued
Fraudsters use bot traffic to scale up SMS toll fraud attacks, causing significant losses to gaming platforms. By using smart bot management solutions that accurately identify malicious bots and human fraud farms, gaming platforms can prevent these attacks and ensuing financial losses. Recently, one of the world’s most renowned video game developers found themselves ensnared … Continued
Attackers are using bots to scale up SMS toll fraud, resulting in massive overall telecom bills for travel and hospitality companies. To protect their businesses, these companies must deploy smart bot management solutions before bots can reach the SMS workflows As the travel and hospitality industry experiences a surge in bookings worldwide, global travelers aren’t … Continued
Fortify your defenses against SMS toll fraud by detecting and thwarting malicious bots early in the funnel, elevating your attack protection and securing your financial interests. The threat known as SMS toll fraud has become a significant financial challenge, causing companies to lose tens of billions of dollars each year.1 This issue has been worsened … Continued
The cyberattack known as SMS toll fraud, or SMS traffic pumping, has officially become a big problem for many businesses today. These SMS scams involve using text messages to deceive people, steal sensitive information, and exploit weaknesses in a company’s systems. The consequences of SMS fraud can be severe, leading to financial losses, damage to … Continued
The varied ways in which gig economy platforms use short message service (SMS) make them attractive targets for bot-driven SMS toll fraud. To prevent financial losses and erosion of consumer trust, gig economy platforms must use bot detection and mitigation software before automated attackers can initiate SMS outflow. The gig economy has transformed how we … Continued
Artificially Inflated Traffic Fraud: Where SMS Toll Scams Converge The nexus of artificially inflated traffic fraud, SMS traffic pumping, and toll fraud underscores the complex interplay between cybercriminals and the telecommunications landscape. As technological advancements continue to reshape the way we communicate and conduct business, so do the tactics of bad actors. What is artificially … Continued
While the primary goal of gig economy platforms is to facilitate connections between users and service providers, threat actors can exploit the platform’s messaging features to conduct SMS toll fraud and plenty of other attacks. The emergence of the gig economy, a model where individuals exchange assets and services, has profoundly disrupted conventional business and … Continued
SMS Toll Fraud Alert: Empowering Social Media Companies to Recover Millions in Stolen Revenue SMS toll fraud is putting a severe financial burden on social media businesses, as cybercriminals exploit this communication channel for illegal financial gain. Businesses can foil these attempts by implementing robust technology-driven solutions and adopting an innovative approach to attack prevention. … Continued
