Slovak Companies Lose Thousands to New 'SMS Pumping' Fraud Scheme

Slovak companies have lost thousands of euros to a new type of fraud called "SMS Pumping," according to warnings issued by the National Security Bureau (NBÚ), Slovakia's cybersecurity agency. The scheme targets businesses through fraudulent SMS-related activities that drain company funds. Recovery of stolen funds proves extremely difficult for affected companies, as the money is typically transferred to foreign bank accounts and disguised as legitimate transactions. The NBÚ's warning highlights the growing sophistication of cyber fraud targeting Slovak businesses and the challenges companies face in protecting themselves from emerging digital threats.