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SMS Fraud Losses to Fall 11% in 2026, Juniper Finds

📉 Juniper Research predicts an 11% decline in consumer SMS fraud losses in 2026, dropping from $80bn in 2025 to $71bn. The firm credits reduced messaging volumes and stronger operator security—especially enhanced firewall capabilities—for making it harder for fraudsters to conceal malicious traffic. Nevertheless, large-scale smishing campaigns, PhaaS platforms and the transition to RCS keep risks elevated and require ongoing defensive improvements.