The leading provider of bot management and account security solutions, Arkose Labs announced Friday the launch of a new SMS Toll Fraud online ROI calculator. This innovative tool enables CISOs to quickly estimate the cost savings associated with stopping SMS Toll Fraud, a serious operational and financial threat to enterprises.

New IRSF fraud ROI calculator provides an instant report of bespoke cost-savings results for each company.

SMS Toll Fraud, also known as International Revenue Share Fraud (IRSF), is a type of cybercrime that occurs when attackers hijack voice or SMS one-time passwords for monetary gain. This type of attack not only disrupts business operations and damages a company’s reputation, but also it can result in significant monthly financial losses.

Recent research indicates that SMS Toll Fraud has increased six-fold to more than US$10 billion today up from US$1.8 billion in 2013.

“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,” said Arkose Labs founder and CEO Kevin Gosschalk. “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.”

Arkose Labs is one of the few providers that has deep experience in identifying and stopping SMS Toll Fraud, resulting in material cost savings for its customers. Read new case studies about how the company saved enterprises millions of dollars in SMS Toll Fraud charges per month.

The Arkose Labs SMS Toll Fraud online ROI calculator is easy to use and provides an instant report of bespoke results for each company.