Fraud scams continue to go from strength to strength, particularly as we see the spike in FluBot scams spreading across the world. In 2021, the UK reported more than 1.2 million domains linked with the Android malware FluBot that was distributed to the public via ‘missed delivery’ scams. The pandemic also created new hooks for fraudsters to snare victims by impersonating vaccine rollout and vaccine passport information.
FluBots are lucrative for scammers because they act as both a banker and spyware. So, when an unsuspecting victim clicks on the link, they accidentally download malware to their smartphones that will steal the user’s credit card or bank information. It will then copy the user’s contact list and automatically send the infected links, via SMS, to all of the user’s friends and family.
FluBots are hard to stop in their tracks because they are often launched as rolling campaigns where the malware remains the same, but the message used to carry it and the domain hosts are constantly changing. This means that traditional rule-based methods of identifying malicious attacks through keyword searches alone will not suffice. Because of this, CSPs should ensure that their SMS security addresses the challenges of both today and tomorrow.
SMS Security Checklist
Mobileum’s SMS Firewall was recently recognized as a market leader by Juniper Research as the Gold winner for Best SMS Firewall. At the Awards, Mobileum’s SMS Firewall solution was recognized for its ability to protect both SMS revenues and subscribers from fraud. The solution uses AI and machine learning-based algorithms to discover unknown threat patterns and block unwanted messages, preventing SPAM and malicious Smishing attacks from reaching subscribers. In addition, Mobileum’s SMS Firewall reduces revenue leakage by controlling A2P grey route traffic and blocking non-commercialized traffic where there are no agreements between sending and receiving networks. While point solutions deliver partial protection, leaving consumers and networks at risk, when combined with Mobileum’s Fraud Management Solution, Mobileum’s SMS Firewall can protect an operator’s subscriber base against several types of threats, including Wangiri fraud, by performing contextual analyses between security and fraud management feeds.
Contact us today to eliminate the threat of smishing, FluBot, SMS interception, SMS bypass, SIM Boxes, and SMS spam while assuring your A2P SMS revenues.