September 2025
Telecoms & Connectivity

RCS Business Messaging Fraud to Cost Mobile Subscribers $4.3 Billion Globally Over the Next 5 Years

Hampshire, UK – 15th September 2025: A new study by global tech strategists Juniper Research has found that fraud over Rich Communication Services (RCS) business messaging will cost subscribers $1.3 billion in 2030 globally; up from $300 million in 2025. This represents a 170% growth; attributable to a significant increase in RCS usage, which will fuel a subsequent rise in fraud over the channel.

An extract from the report, Mobile Messaging Fraud Prevention Market 2025-2030, is available as a free download.

“As enterprise messaging spend shifts from SMS to RCS, fraud will follow, as RCS’s rich media and interactive features enable more convincing scams. The greatest risk is account takeover (ATO), where attackers gain unauthorised access to user accounts, such as banking or email,” explained Ardit Ballhysa, Senior Research Analyst at Juniper Research.

Fraud Detection Platforms in Need of Evolution

Whilst brand verification increases subscribers’ trust that an enterprise is legitimate, it also risks becoming a new attack vector that will undermine confidence in RCS if fraudsters can exploit it. To prevent this, Juniper Research urges operators to form partnerships with verification bodies that offer robust verification procedures to block illegitimate verification requests, and prevent fraudulent players from accessing the RCS business messaging ecosystem.

“As two thirds of mobile subscribers are expected to be capable of receiving RCS business messages by 2030, mobile operators must prioritise the protection of subscribers from ATO fraud over the channel. If these vulnerabilities are not addressed, RCS will eventually harbour the same levels of fraud as seen with SMS over recent years,” Ballhysa concluded.

About Juniper Research

The new research suite offers the most comprehensive assessment of the mobile messaging fraud prevention market to date, including insightful market analysis and in-depth forecasts for over 60 countries. The dataset contains over 36,000 market statistics within a five-year period. It includes a ‘Competitor Leaderboard’ and an examination of current and future market opportunities.

Juniper Research is a global tech strategist firm providing research, data, and forecasting across the fintech, telecoms, and IoT sectors. For over 20 years, Juniper Research has delivered actionable insights that help industry leaders navigate disruption, seize opportunities, and make confident strategic decisions. www.juniperresearch.com

Press Contact

Sam Smith, Press Relations
sam.smith@juniperresearch.com

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