What is SMSishing?
Similar to phishing, SMSishing (or SMS phishing) is when a potential identity thief sends you a text message asking for personal or account information. Because the text appears to be from a reputable contact, many people respond, and that’s when the theft begins.
Trick or Text?
The problem is obvious, once you have either called the telephone number provided or gone to the listed fraudulent website, you are asked to provide personal information – such as your bank account, debit card, PIN, or other numbers – to verify your identity. But nobody is verifying your identity. They’re stealing it.
Information thieves can collect:
- Personal information
- Account numbers and information
What thieves can do with this information:
- Identity theft
- Employment-related fraud
- Loan fraud/payday loan fraud
- Bank fraud
- Benefits fraud
- Tax fraud
- Other identity fraud
† Federal Trade Commission. “Consumer Sentinel Network Data Book For
January – December 2011.” February 2012.
† Javelin Strategy & Research. "2012 Identity Fraud Report: Social Media and Mobile Forming
the New Fraud Frontier." February 2012.