SMS fraud victims have proven to be a thorny issue for Australian telecom companies.
The reduction is due to fraudulent calling codes that the industry introduced in 2020 to identify, block and track incoming calls from scammers.
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More than 549 million calls from telecom companies have been blocked since the cheat code was released.
Similar code was introduced in July of this year to block malicious messages, but has yet to see a similar decline. While the number of reports declined after July, there was a 5% increase in malicious text message reports from January to mid-November.
Industry experts agree that SMS fraud is more difficult because scammers know how to change your tactics to escape blocks.
But Telecom is working on it. An Optus spokesman said it blocked more than 10 million fraudulent text messages between July and September of this year.
“Optus says it leads the industry in advanced filtering and machine learning for SMS systems, and while we don’t speak publicly about our security measures, we know that a growing number of industries are implementing similar systems. We are delighted,” said the spokesperson.
the company has blocked around 43 million malicious text messages every month this year, but blocking alone is not enough to stop them.
The company champions an industry-run whitelist where companies put their sender IDs on the list before sending messages like that company. You can stop business name forgery in Australia.
“TPG Telecom has long advocated the creation of industry-regulated whitelists of SMS source dialing techniques and number management, which can block most fraudulent texts spoofed by legitimate companies. Yes,” said the spokesperson. “Stop allowing Australian numbers outside your home network and you will immediately reduce untrusted traffic.”