White paper – Messaging
This white paper examines the global messaging ecosystem and highlights how inconsistent regulatory treatment across message types and jurisdictions has enabled fraud to migrate from more regulated channels, such as SMS, into less regulated or unregulated environments, including RCS and OTT platforms. Encryption, while critical for privacy and security, further limits visibility and hampers traditional network-based mitigation tools, exacerbating risks as messaging traffic increasingly shifts away from carrier-operated services.
