Augnet

💥 The Silent SMS Scam You Might be Overlooking 💥   While SMS is an essential communication tool, there’s a growing issue many businesses don’t see: Artificially Inflated Traffic (AIT). Fraudsters are exploiting SMS networks by generating fake traffic to drive up their revenues, often without businesses even knowing. 💸📊   In a typical AIT scam, bots are used to create fake accounts in a number of apps, triggering one-time password messages. The fraudsters, along with rogue SMS vendors, intercept the traffic, and claim the profit - without delivering the messages. These fraudulent activities inflate your expenses and reduce your ROI, all while staying hidden in plain sight. In 2022, when X (formerly Twitter) was acquired, Elon Musk shared it was losing around $60 million a year in such SMS scams. Your business too could be paying for thousands of fake messages that never reach a real customer. 📉   At Augnet, we’re fighting back with advanced analytics to prevent AIT – protecting your budget and boosting the efficiency of your campaigns. 🔍💡   Learn more about SMS AIT here: https://lnkd.in/e_CKrTwB   #AIT #FraudPrevention #Augnet #SMS #TechSolutions

🚨 The Most Important Feature on Your Phone That You’re Always Ignoring 🚨 SMS might not be the latest exciting tech, but ignoring its cybersecurity implications puts millions at risk. Just this week, a new malware made headlines for stealing 2FA passwords for over 600 services, targeting Android devices across several countries. The ultimate goal? Accessing all those other apps and accounts you surely care about. 📲💻   The passwords and codes your SMS inbox holds are a gateway to your bank accounts, social media, communication apps, and more. Once fraudsters have that, they can take control of your life. Worrying about SMS security means protecting everything else. 🔒   At Augnet, we make your life more secure by protecting the complex messaging supply chain. Learn more about how we're safeguarding your communications.   Read more about the recent SMS stealer campaign here: https://lnkd.in/dEEp59x8   #CyberSecurity #Augnet #2FA #TechNews

🚨 SMS Vulnerabilities Exposed - Again 🚨 The recent data breach involving Cisco’s MFA service sheds light on the inherent vulnerabilities of standard, unsecured, SMS-based authentication. In this latest incident, Cisco’s Duo, one of the most widely used MFA apps, had its text messages’ data stolen. 📱 The danger of such attacks is not hard to see – armed with message types and user phone numbers, malicious actors have a wide array of options to commit fraud. A leaked one-time password (OTP) alone is enough ammunition for a confidence con that could ultimately compromise a bank card or account. ⚠️ The breach serves as a stark reminder that no company, regardless of size or reputation, is immune to such risks. Even tech giants like Cisco. That is because of the inherent vulnerability of SMS: that it is sent and stored in an unencrypted format. This leaves sensitive data susceptible to interception and exploitation. 🔒 In the face of evolving cyber threats, one must question how to reconcile the need for more secure authentication methods and the fact that SMS’ omnipresence does make it an efficient and practical option for delivering important account information. Augnet’s encryption and authentication solutions offer a significant change to the SMS ecosystem, finally making SMS fit-for-purpose. Only by embracing truly secure technologies can we mitigate the risks posed by SMS vulnerabilities, which are often the gateway to serious fraud that tarnishes brands and scams customers. 🔗 https://lnkd.in/gyFHReSn #CyberSecurity #DataBreach #SMS #MFA #Encryption #TechNews #Augnet #SecureMessaging

🚨 SMS Vulnerabilities Exposed - Again 🚨 The recent data breach involving Cisco’s MFA service sheds light on the inherent vulnerabilities of standard, unsecured, SMS-based authentication. In this latest incident, Cisco’s Duo, one of the most widely used MFA apps, had its text messages’ data stolen. 📱 The danger of such attacks is not hard to see – armed with message types and user phone numbers, malicious actors have a wide array of options to commit fraud. A leaked one-time password (OTP) alone is enough ammunition for a confidence con that could ultimately compromise a bank card or account. ⚠️ The breach serves as a stark reminder that no company, regardless of size or reputation, is immune to such risks. Even tech giants like Cisco. That is because of the inherent vulnerability of SMS: that it is sent and stored in an unencrypted format. This leaves sensitive data susceptible to interception and exploitation. 🔒 In the face of evolving cyber threats, one must question how to reconcile the need for more secure authentication methods and the fact that SMS’ omnipresence does make it an efficient and practical option for delivering important account information. Augnet’s encryption and authentication solutions offer a significant change to the SMS ecosystem, finally making SMS fit-for-purpose. Only by embracing truly secure technologies can we mitigate the risks posed by SMS vulnerabilities, which are often the gateway to serious fraud that tarnishes brands and scams customers. 🔗 https://lnkd.in/gyFHReSn #CyberSecurity #DataBreach #SMS #MFA #Encryption #TechNews #Augnet #SecureMessaging