Understanding a $10B Fraud Vector in Cloud-Native Workflows
Cloud Security Podcast
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SMS Toll Fraud: A Growing Threat
This chapter explores the rise of SMS toll fraud, a $10 billion industry driven by criminals exploiting vulnerabilities in cloud workflows and premium phone numbers. It details how bots mimic legitimate users to bypass registration security, leading to significant financial losses for companies, especially during geopolitical events. The chapter emphasizes the need for improved security measures and collaboration among organizations to combat this sophisticated form of fraud.
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