Governments are becoming aware of the growing threat of telecom-based attacks, including SMS toll fraud and 2FA hijacking, as businesses increasingly rely on digital communication channels like SMS and voice for authentication and customer engagement. These attacks exploit vulnerabilities in the outdated Signaling System 7 (SS7) infrastructure, allowing attackers to hijack messages and cause significant financial losses for businesses.
To counter these threats, governments must enforce stricter regulations and push for the adoption of zero-trust architecture and fraud prevention technologies. Businesses, in turn, are urged to shift to digital alternatives like push notifications and adopt proactive measures to safeguard their communications.
