ON DEMAND WEBINAR
Duration: 1 hour
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.
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