Cybercriminals and fraudsters are increasingly exploiting advanced technologies and business workflows, making cybercrime a high-return investment. One prevalent scheme is SMS toll fraud, or international revenue sharing fraud (IRSF), which targets businesses’ text message-based digital identity processes like one-time passwords (OTP) for sign-ins and registrations. Global organizations reliant on SMS workflows face significant financial losses and reduced efficiency; in 2023 alone, businesses lost $39 billion to SMS toll fraud, according to the Communications Fraud Control Association. CFOs often notice this threat first through large bills – but quick, measured responses can save money, preserve reputation, reduce cleanup costs and enhance shareholder value.
Stream the webinar to:
- Understand the impact of SMS toll fraud on your business.
- Learn prevention and mitigation strategies you can apply.
- Develop resilient financial strategies for your enterprise against SMS toll fraud.
