If your company uses SMS Verify to send SMS one-time passcodes (OTPs) to new and existing customers, you can add a layer of protection to your business by enabling the Verify Plus add-on feature.
With Verify Plus, businesses can conduct risk-based assessments to detect fraudulent threats before sending OTPs through SMS Verify. These risk-based assessments are based on 15+ years of historical data patterns and help businesses reduce financial losses related to communications fraud (including toll fraud, SMS pumping, and International Revenue Share Fraud).
The most common ways Telesign customers use Verify Plus are to:
- Prevent bots, spammers, and scammers from creating new accounts
- Block artificially inflated traffic
In this article, we’ll provide an overview of how companies use SMS Verify for these purposes.
Prevent bots, spammers, and scammers from creating new accounts
Verify Plus analyzes several factors related to users’ phone numbers, including:
- Phone number reputation: Verify Plus validates and analyzes the phone number provided during onboarding. It verifies the reputation of the phone number, ensuring it is not associated with fraudulent activities.
- Historical data: Verify Plus leverages historical data to assess the previous phone number activity. It compares this data against known patterns of fraudulent behavior or suspicious activities to detect potential bots, spammers, or scammers.
By analyzing these various data points and employing advanced algorithms, Verify Plus generates a comprehensive risk score that indicates the likelihood of a potential new account being a bot, spammer, or scammer.
This information allows businesses to take appropriate actions during the onboarding process and block high-risk phone numbers from creating new accounts.
Block artificially inflated traffic
By using Verify Plus with SMS Verify, businesses can protect themselves from financial losses associated with communications fraud.
Verify Plus can detect users likely to attempt toll fraud, SMS pumping, and International Revenue Share Fraud (IRSF) attacks by analyzing:
- Historical data: Verify Plus leverages 90 days of historical data to assess the previous phone number activity. It compares this data against known patterns of fraudulent behavior or suspicious activities to detect potential bots, spammers, or scammers.
- Traffic patterns: Verify Plus examines A2P traffic patterns to identify any suspicious activity indicative of toll fraud. It analyzes factors such as number velocity, range activity, recency of traffic, and more to detect abnormal usage patterns that may indicate fraudulent behavior.
If Verify Plus detects these patterns and behaviors, it’ll return a high-risk score for the phone number. Businesses can then take immediate action against the high-risk phone number to prevent financial losses, such as blocking the suspicious account.
Try using Verify Plus with a free trial
You can try Verify Plus with SMS Verify through a free trial account. Upon signup, you’ll get instant access to an API key and complimentary test credits to run risk checks on test phone numbers, before sending an SMS OTP with SMS Verify.
