The word ‘SMiShing’ may sound like gibberish — we think it’s a weird one — but some of the world’s largest enterprises are losing millions of dollars to these scams every year. Similar to phishing, the fraudulent act of sending imitation emails claiming to be a corporation in order to obtain personal information from customers, SMiShing uses SMS (short message service) to achieve the same outcome.
Scammers are taking to SMS to prey on people’s trust, panic or sense of urgency. These messages are disguised as a warning from your bank about an unauthorized charge or an alert about an unidentified user accessing one of your accounts. The goal? To lure you into providing account information by tapping on a link and entering your information into a look-alike website.
Read more about SMiShing scams and learn how to avoid them on Tripwire.