Overview
SMS fraud refers to the deceptive practices that exploit text messaging services to defraud individuals or organizations. It encompasses various schemes, including phishing attempts, where fraudsters send messages to trick recipients into revealing personal information or making payments to fraudulent accounts. This form of fraud damages trust in digital communications and causes significant financial and privacy losses.
Some of the types of SMS fraud
| Fraud type | Description | Impact |
|---|---|---|
| SMS Spoofing | Spoofing the location and identity to mimic a legitimate sender (Like Apple). Uses a short code (say “APPL”). Occurs from the sending party MO. |
Hard to differentiate between the genuine brand and spoofed messages. |
| SMS Faking | Manipulates signaling parameters in the Mobile Terminated step to fake the operator’s details. | Cost challenges during operator billing customers receive fake unsolicited SMS. |
| SMS Spamming | Sends unsolicited messages to a particular destination with a call-to-action that often reaches a premium rate number with steep charges. | Steep charges incurred by customers that reflect on their bills. |
| SMS Malware | Malicious software is spread via text messages. It is designed to steal data, charge fees, or control devices without user consent. | Compromises user information such as bank details and passwords, exposing users to the possibility of identity or financial theft. |
| SMS Bypass(A2P, SIM farms) | Avoids carrier charges by routing traffic through alternate networks. | Loss of revenue to telcos by avoiding the due charges from incoming SMSes. |
See how we can help your organization combat SMS Fraud
Enhanced Customer Trust
By proactively addressing SMS fraud, customers feel safer and more secure, leading to increased loyalty and satisfaction
Operational Efficiency
Streamlined detection and management of SMS fraud free up resources, allowing focus on core business operations and innovation
Compliance and Security
Ensures compliance with regulatory standards and enhances the overall security posture of the telecommunications infrastructure
Reduced Financial Losses
Minimizing the impact of fraudulent activities protects both the users and the service provider from undue financial strain
Reputation Protection
A strong stance against SMS fraud helps maintain and improve the service provider’s market reputation, attracting more customers
See how we can help your organization combat SMS Fraud
Enhanced Customer Trust
By proactively addressing SMS fraud, customers feel safer and more secure, leading to increased loyalty and satisfaction
Operational Efficiency
Streamlined detection and management of SMS fraud free up resources, allowing focus on core business operations and innovation
Reduced Financial Losses
Minimizing the impact of fraudulent activities protects both the users and the service provider from undue financial strain
Reputation Protection
A strong stance against SMS fraud helps maintain and improve the service provider’s market reputation, attracting more customers
Compliance and Security
Ensures compliance with regulatory standards and enhances the overall security posture of the telecommunications infrastructure
Check out SMS Fraud Solution Features
Network Protocol Agnostic
Capable of analyzing MAP, ISUP, and SIP traffic, offering broad protocol compatibility for comprehensive network monitoring
Machine Learning
Utilizes custom-built supervised and unsupervised learning models for precise attack identification, improving threat detection
Seamless API Integration
Integrates with Telco network elements to automatically detect, report, and act on high-confidence threats, enhancing security automation
Multiple Data Ingestion Support
Enables reading network packets directly from port mirroring or from pre-generated packet capture files, ensuring flexibility in data collection
Comprehensive Dashboard
Provides a user-friendly dashboard with detailed analytics for geo-location, trends, and impact assessment, aiding in informed decision-making
Resource center
Need for AI-Powered Anti-fraud Tools in Telecom: A Risk Practitioner’s Perspective
Whitepaper
Need for AI-Powered Anti-fraud Tools in Telecom: A Risk Practitioner’s Perspective
Tier-1 Operator Safeguards Device Sales with Subex’s AI-first Fraud Management Solution
Case Study
Tier-1 Operator Safeguards Device Sales with Subex’s AI-first Fraud Management Solution
Related blogs
Get the perspective of our subject matter experts, read artifacts about our solutions and learn about our success stories.
Fraud Management
Fraud Management
Follow us on:
© Copyright SUBEX 2024. All Rights Reserved.
Request a demo