Is OTP inflation fraud your secret enemy?How to detect and stop this hidden risk

Presented by

Nemanja Nikolic, EMEA Regional Manager, telesign

About this talk

Today, business often takes place in the digital realm. With the shift to ecommerce and the need for fast digital identity verification, fraudsters have learned how to game the system and siphon money from unsuspecting companies. One technique fraudsters use is toll fraud (or International Revenue Share Fraud (IRSF)). According to the Communications Fraud Control Association (CFCA)’s 2019 Global Fraud Loss Survey, toll fraud costs businesses over $5B per year. To make matters worse, there’s a new fraud type that’s harder to detect, and even harder to fight. This novel fraud, OTP (one-time passcode) inflation, occurs when attackers exploit a phone number input field to receive a one-time passcode, app download link, or other information via SMS. Multiple SMS messages are sent to a range of numbers at once, generating revenue for the attackers.  Watch our webinar to learn: What toll fraud is and how OTP inflation was born Why OTP inflation fraud is on the rise What you can do to detect and tackle this type of fraud in your business How to protect against future attacks

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Telesign provides Continuous Trust™ to leading global enterprises by connecting, protecting, and defending their digital identities. We verify over five billion unique phone numbers a month, representing half of the world’s mobile users, and provides critical insight into the remaining billions. Our solutions prevent fraud, secure communications, and enable the digital economy by allowing companies and customers to engage with confidence.