SMS toll fraud is a growing problem that is impacting businesses that rely on text messages for verifying new user accounts. Scammers are pretending to be affiliates of phone companies in countries such as Indonesia, Thailand, and Vietnam. They use automated bots to apply for online accounts in large quantities, and for each text message sent by the business to validate an application, a fee is charged by the phone company, with a portion shared with the fraudster. This fraudulent activity often goes unnoticed until the business receives an unexpectedly high bill due to an excessively high number of text messages.
In order to combat this issue, Arkose Labs has developed technology capable of identifying malicious actions and providing different challenges to potential fraudsters based on the perceived level of risk. They also offer threat intelligence to their customers to help prevent attackers from profiting. The objective is to increase the cost of these attacks, thereby reducing their profitability for fraudsters.
This situation underscores how cybercriminals exploit vulnerabilities in common business practices. It serves as a reminder that more efforts are required to ensure the privacy and security of the internet. Journalist Byron V. Acohido, a dedicated advocate for internet security, will continue to actively monitor and report on these types of issues.
Source: Thelastwatchdogs
To mitigate potential threats, it is important to implement additional cybersecurity measures with the help of a trusted partner like INFRA www.infrascan.net or you can try your self using check.website.