SMiShing


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SMiShing

n
the practice of using fraudulent text messages to extract financial data from users for purposes of identity theft
[from sms + phishing]
References in periodicals archive ?
Smishing is a security attack in which the user is tricked into downloading a trojan horse, virus or other malware onto his cellular phone or other mobile device.
SMISHING This is when a fraudster impersonates your bank or any other official company by SMS or text message.
Yet, globally, 67% of technology users surveyed did not know what smishing is.
Unlike phishing or smishing attacks, the phone may add an extra layer of personalization to an attack.
The con, known as smishing, is when criminals pretend a message is from your bank or another organisation you trust.
The scam - known as smishing - will usually tell you there has been fraud on your account and ask you to call a number or visit a website to deal with it.
Phishing -- also referred to as vishing, smishing or pharming -- involves sending emails falsely claiming to be from a legitimate business in an effort to deceive the recipient into divulging personal information like passwords, credit card numbers and bank accounts.
The top emerging threats in the financial sector in this period were identified as Fin7, Cobalt Cybercrime group, Lazarus, NetWire RAT and SMiShing.
SMishing attacks use the same techniques as traditional phishing attacks to persuade the user into disclosing personal information, downloading a file or app, or visiting a malicious site.
A successful SMiShing attack can result in significant financial and reputational damages to financial institutions and, based on severity, can even put them out of business.