Arkose Labs has introduced a new SMS Toll Fraud online ROI calculator that enables CISOs to calculate the cost savings related to preventing SMS Toll Fraud, a serious operational and financial threat to enterprises. Cybercriminals who steal voice or SMS one-time passwords for financial gain are said to be engaging in SMS Toll Fraud, also known as International Revenue Share Fraud (IRSF).
The ROI calculator provides a detailed analysis of the costs involved in implementing Arkose Labs’ fraud and abuse prevention solutions, including setup and ongoing expenses, as well as potential cost reductions from using their solutions. The calculator also considers the impact of reduced chargebacks, improved customer satisfaction, and increased revenue from fewer declined transactions. With this tool, organizations can make informed decisions about their investment in fraud and abuse prevention and see the potential benefits in terms of both costs and revenue.
Kevin Gosschalk, founder and CEO of Arkose Labs commented, “SMS Toll Fraud is a very sophisticated type of attack, and it’s a growing problem for enterprises, which makes it critical for companies to have the tools and resources to protect themselves.
Our new online calculator enables banks, e-commerce companies, and telcos to quickly and easily estimate the potential cost savings associated with stopping SMS Toll Fraud and helps them make informed decisions about their cybersecurity strategy.”
This kind of attack can cause a company to suffer sizable monthly financial losses in addition to upsetting daily operations and harming its reputation. According to recent research, SMS toll fraud has grown six times since 2013, from $1.8 billion to more than $10 billion today.
Arkose Labs is one of the providers with experience in detecting and preventing SMS Toll Fraud, resulting in significant cost savings for its customers. The Arkose Labs SMS Toll Fraud online ROI calculator is simple to use and generates a customized report for each company.