Discover the capabilities of network security solutions to protect your subscribers from SMS fraud.
With many new cybersecurity threats, SMS fraud continues to be one of the top priorities for telecom providers. In 2023 alone, BICS blocked 473 million SMS fraud attempts worldwide. The increasing sophistication of cyber threats has only highlighted the need for enhanced messaging security. In this blog post we’ll explore the most common SMS threat and key technologies—SMS Firewall and SMS Home Routing—that can help telcos safeguard their communications.
SMS fraud can take many forms, however the end goal is always financial gain. Either at the expense of the provider, misusing their assets for the fraudster’s advantage, or by scamming end-users into sharing their sensitive information and providing access to financial data. The estimated loss due to voice and message frauds is at $17 billion in 2028, urging telecom providers to employ new tools and technologies to secure their network. Among the most common threats are:
While these four threats are the most typical attacks, they are not the only ones posing a risk. To ensure their network is sufficiently secured, telecommunication providers employ a variety of tools designed to counter modern threats.
While it is nearly impossible to negate frauds, telcos can significantly reduce successful attempts with comprehensive network security solutions. Stable and effective network performance helps build a loyal customer base, minimize expenses, and build a foundation for further growth. Here are two main solutions Tietoevry experts recommend combatting SMS frauds.
The Role of SMS Firewall
An SMS firewall is the first line of defense against external threats. It acts as a robust barrier that ensures the security and integrity of your messaging infrastructure with real-life traffic monitoring and custom filters. Key features of an SMS firewall are:
Set up according to the industry best practices and tailored to a specific network, an SMS firewall can cover most of the messaging threats targeted at the organization. Moreover, a combination of a firewall with AI/ML opens new capabilities of this tried and tested method.
The Role of SMS Home Routing
SMS home routing enhances security by ensuring that all SMS traffic is routed through the home network before reaching the recipient. This allows for additional layers of verification and filtering to safeguard the messages.
Key features of SMS home routing are:
SMS home routing is an essential component of any network, that allows telecom providers direct SMS traffic with maximum security even when engaging with external networks.
While potent each on their own, a single solution cannot guarantee the security of the telecom network. Firewall and home rooting work most efficiently when coupled with other technologies. When combined, SMS firewall and SMS home routing provide a comprehensive security solution for your messaging infrastructure.
Benefits of implementing both solutions:
Telecommunication providers can enhance their service offerings by implementing SMS firewall and SMS home routing to protect their network infrastructure and provide secure, reliable communication services to their customers.
In today’s digital landscape, safeguarding your SMS infrastructure is more crucial than ever. By deploying both SMS Firewall and SMS Home Routing, you can significantly enhance the security of your messaging system, protect sensitive information, and ensure reliable communication services. Don’t leave your messaging infrastructure vulnerable—invest in Tietoevry’s advanced SMS security solutions today.