Researchers Expose Cheap Online Fraud Loophole
Introduction: A Vulnerability Hidden in Plain Sight Online platforms increasingly rely on verification systems to stop fake accounts and fraudulent activities. Yet a new study by University of Cambridge researchers reveals that one of the most widely used security methods, SMS verification can be bypassed for just a few cents , calling into question the effectiveness of this defense. Their findings highlight a growing challenge in the fight against online fraud. SMS Verification: Not as Secure as We Think Most websites, apps, and social platforms request a phone number and send a one-time SMS code during registration. This method is supposed to prove that a user is legitimate. However, the Cambridge team found that cheap disposable phone numbers can bypass this process entirely , making it extremely easy for fraudsters to operate at scale. Key points from the research: Fake accounts can be created using SMS activation services for less than 30 cents per number. In some...