Companies using SIM farms in their SMS value chains — whether knowingly or unknowingly — may face unexpected consequences. Consumer data in the wrong hands, legal issues… the list goes on.
Take a look at our factsheet and weigh up the risks your company may face.
Using a proprietary SMS tool, Sinch monitored the traffic of mobile operators and global tech brands in 16 EU countries. We uncovered some hair-raising insights on messages that were diverted onto SIM farms.
Good practice always protects consumers. When bad practice is involved, they’re at risk. By using SIM farms, companies let bad actors harvest consumer data.
For many, emotional harm comes on top of the financial loss...
€600M
The yearly cost of SMS fraud for European consumers
69%
Increase in smishing attacks globally in 2021
24%
Increase in smishing attacks in the U.S. in 2021
667%
Increase in smishing in the first month of the COVID-19 pandemic
1of 4
How SIM farms threaten business
SIM farms hurt your business - and the economy
Business SMS has become an essential part of our everyday lives. You may not be overly aware of it, but living in Europe, in an average month, you are likely to receive...
There is a problem in our space. Not all providers follow the same rules. Companies sometimes end up unknowingly having suppliers using SIM farms and their consumer data ends up in the wrong hands.
Robert Gerstmann
Chief Evangelist and co-founder of Sinch
€20.3B
The yearly amount spent by companies on SMS globally
€1.6B
The yearly amount spent by European companies on SMS
1/3
of all business SMS globally are sent via unauthorized routes
€300M
The yearly cost of unauthorized SMS for mobile operators