SMS phishing, or “Smishing,” is a mobile phishing attack that targets victims via the SMS messaging channel rather than through email. A natural evolution of the phishing phenomenon, smishing attacks attempt to dupe mobile users with phony text messages containing links to legitimate looking, but fraudulent, sites. These smishing sites try to steal credentials, propagate mobile malware, or perpetrate fraud.

Most of us can think of a time when we received a phishing email. In fact, most phishing emails are easy to identify, and automatically go to spam. However, in this ongoing pandemic, hackers are adopting advanced tactics that cleverly conceal their malicious intentions, and fly under the radar by leveraging the victim’s fear, anxiety, or plain negligence.

An investigation into a suspicious Facebook Messenger message led to the identification of an active Facebook phishing campaign seemingly resulting in victim accounts being abused by the threat actor to further propagate the phishing lure.

The past two years have seen a 391% rise in fraudulent attempts that target digital transactions around the world. The research carried out by TransUnion also saw a specific increase of 347% in relation to account takeover so the average consumer needs to up their understanding of financial fraud risks. When data breaches and cyberattacks occur, it impacts society in various ways like lowering consumer trust and damaging foreign politics.