Twitter lost 8 billion yen a year due to bots requesting two-factor authentication short mail

by NASA Kennedy

On February 15, 2023, Twitter announced a policy to charge two-factor authentication settings using short message service (SMS) after March 20, 2023. Some users were confused by the fact that what they used to be free of charge became paid, but Twitter's CEO said that one of the reasons for becoming paid is the `` rise of malicious bots ''. One Elon Musk reported.

Elon Musk Says Twitter Lost $60mn a Year Because 390 Telcos Used Bot Accounts to Pump A2P SMS | Commsrisk
https://commsrisk.com/elon-musk-says-twitter-lost-60mn-a-year-because-390-telcos-used-bot-accounts-to-pump-a2p-sms/

On December 20, 2022, Mr. Mask participated in a discussion on Twitter, and Twitter took $ 60 million (about 8 billion yen) annually for the SMS transmission fee required when setting up two-factor authentication. clarified that According to Musk, Twitter pays carriers for requested SMS for authentication, which has been exploited by dishonest carriers around the world sending two-factor authentication SMS over and over again. He said that he had created countless bot accounts that he requested many times and was working fraudulent acts such as stripping SMS transmission charges from Twitter.

When Mr. Mask instructed to cut off all telecommunications carriers that act fraudulently in 10% or more of the total communication, it seems that 390 telecommunications carriers have been exposed. At this time, Mr. Mask said, ``I didn't know there were so many carriers.I can't close my eyes to persistent fake SMS.''

It is thought that the bot account was blocked by blocking communication at this time, but general users who were not involved in the unauthorized communication were also affected, and there were problems such as not receiving two-factor authentication SMS. was occurring. Considering the impact on users, Mr. Mask made a concession to the carrier, saying, ``If you stop scamming, you will pay some amount for SMS.''

@Twitter customer service is so slow, and I cannot understand this issue.
Tried many times.I have another Twitter account into which I'm unable to log in.Every time I get this notification from my devices whenever I'm trying to log in to that account.I am stuck in a loop.pic.twitter .com/Tucix4Us6B

—Witty Mundus (@MundusGnosis) December 16, 2022

Even this time, when it was shown that two-factor authentication by SMS will be a function limited to subscribers, Mr. Mask again tweeted, ``Twitter is suffering $ 60 million a year with fake two-factor authentication SMS.'' Did.

Twitter is getting scammed by phone companies for $60M/year of fake 2FA SMS messages

— Elon Musk (@elonmusk) February 18, 2023

IT media Commsrisk said, ``I've seen many scams like this, so it's not surprising that an organization like Twitter is targeted by a nasty scam, but the management before Mr. Ignorance, laziness, incompetence, and doing nothing is astounding, but the tech industry tends to encourage fake traffic, users, and online activity 'to make the service appear to be successful.' Criminals who defraud investors are also funded by management: Criminals siphon communications, business leaders siphon stock prices, and the rest We are fooled,' he said.