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Your company may be losing thousands of dollars without you knowing it ⬇️ You care about user privacy and security, so you've implemented SMS as a two-factor authentication channel. Well done! 👏 However, SMS Pumping (or SMS Toll Fraud) is a new threat quietly draining your resources. SMS Pumping is a fraud scheme where scammers exploit SMS delivery systems to create false traffic and inflate charges. This fraud impacts businesses in several ways: 💸 Paying for every OTP, leading to fraudulent bills in thousands or millions. 📉 Inflated user bases with fake users that never convert, reducing conversion rates and increasing costs. 🤯 Fake traffic surges can cause system crashes or downtime, affecting real user experiences. 🚫 Blocking entire regions or countries to stop fraudsters impacts real users, slowing down your growth. But don't worry! SMS Pumping isn't inevitable and can be managed with the right tools. In a future post, we'll explore how to detect and prevent this fraud in your company. ✊ #UserVerification #DigitalSecurity #FraudPrevention

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