SMS phishing, or smishing, presents a growing challenge for telecom operators and their customers, exploiting text messaging to deceive individuals into sharing personal information. Cybercriminals employ methods like software to verify targeted mobile numbers, bypassing detection by operators focused on landline monitoring.
These fraudsters also create automated shops for selling stolen data and offer services to host phishing sites, complicating the fight against smishing. With a reported increase of over 328% in smishing incidents in 2020, the importance of vigilant monitoring and prevention is undeniable.
Despite the rise in smishing, public awareness seems to be waning, with only 23% of people showing familiarity with this form of phishing in 2022. Telcos can play a crucial role in curbing these attacks by enhancing monitoring systems for signups and transactions, helping prevent their networks from being exploited by smishing operations.
Cutting Smishing Risks Down
Intelligent Number
Verification
Smart systems filter mobile numbers to block smishing efforts and secure communication.
Early Fraud
Identification
Innovative technology spots irregular patterns, preventing smishing before it impacts customers.
Customer Smishing
Education
Informing customers about smishing tactics enhances their ability to detect and avoid fraud.
Smishing-Resilient System
Updates
Refine defenses against smishing by staying ahead of emerging scam techniques.
Enhancement
Strengthen systems to verify user identities, thwarting unauthorised access by attackers.
Initiative
Educate teams on smishing recognition and response, upgrading resilience against fraud.
Assistance Framework
Offer structured support to help customers identify and avoid falling victim to smishing.
Amidst the escalating challenge of smishing, Xintec stands at the forefront, offering proactive fraud detection and prevention solutions. Our unique approach targets the intricacies of SMS phishing by leveraging real-time analytics to scrutinize text message traffic for fraudulent patterns.
By employing cutting-edge technologies, Xintec validates mobile numbers and monitors transactional activities, effectively reducing the window of opportunity for smishers. Xintec’s platform facilitates the hosting of secure and monitored environments, diminishing the chances for smishing campaigns to succeed.
This diligent focus on prevention rather than mere detection underscores our commitment to safeguarding telecom networks and their customers. Through Xintec’s strategic interventions, telecom operators gain the capability to shield their ecosystems against the pervasive threat of smishing, thereby preserving integrity and customer trust.