Internet scam artists are moving beyond the email inbox, bypassing spam filters, and instead targeting consumers directly on their mobile devices via text messages. This new type of scam has been termed "smishing".
What are smishing scams?
"Smishing" scams are similar in concept to phishing, except these scams are sent via SMS, the technology underlying the typical text message. Just like phishing scams, they often prey on people's panic and fast reactions. Fraudulent messages often appear to be warnings from your bank or other entities about unauthorized charges or access into your accounts.
Companies like Google and Yahoo are getting better at detecting fake email accounts and shutting them down. Users are becoming more aware and growing more suspicious of emails and cybercriminals know it. The next easiest thing for a scammer to do is to go to mobile.
There has been an uptick in activity recently, including a mystery shopping scam going around. It starts out with a text invitation asking users to become a professional mystery shopper as a way to earn extra cash. To participate in the program users are instructed to send an email for more information, which then gets people roped into providing personal and banking information. These individuals or groups want to take your money and will go to extreme measures to trick you into believing that they are a legitimate business.
Some scammers are sophisticated enough to make their spam messages look like they're coming from a person you know and trust. If you get a weird message from a friend, it's a good idea to call them back on the phone and check if they actually sent the text.
How can you avoid smishing scams?
If you get a suspicious text from your bank or credit card company, you should call them back directly to verify the alert, rather than clicking any links (or responding to) these messages.
Unfortunately, there's no foolproof way to block smishing messages entirely. The best course of action is to stay informed, be vigilant for suspicious texts messages, and think before you tap!