Similar to phishing, smishing uses cell phone text messages to deliver the "bait" to get you to divulge your personal information
We’ve all heard about phishing attacks—those spam e-mails you get in your in-box trying to get your personal information. Now those annoying messages may also come to your cell phone. These are called smishing—or phishing via SMS text message.
Smishing is a combination of short message service (SMS or text messaging) and phishing (the act of emailing someone with the intent of obtaining personal information that can be used for identity theft). The name is derived from "SMs phISHING".
Similar to phishing, smishing uses cell phone text messages to deliver the "bait" to get you to divulge your personal information. The "hook" (the method used to actually "capture" your information) in the text message may be a web site URL, however it has become more common to see a phone number that connects to automated voice response system.
Messages are being received across the country by cell phone users claiming their accounts are delinquent, need to be updated or even to register for a new program. Links in the message and toll-free telephone numbers are being used.
The smishing message usually contains something that wants your "immediate attention", some examples include "We’re confirming you've signed up for our XYZ service. You will be charged Rs. 2/day unless you cancel your order on this URL: www.xxx.com.
Points to remember
- Cell phones can get viruses, hence don’t click on links from any unknown person.
- Never share your financial or personal information by e-mail or text message.
- Check accounts regularly to spot fraud or unauthorised account access.
Investors are biggest sufferers of frauds
Increase in frauds drives up premiums
Tips to handle a bank fraud