The document discusses the fraud method known as SMishing which involves fraudulent text messages. SMishing poses risks because it often targets people's financial institutions and appears to come from trusted sources like banks. Many banks only warn customers about fraudulent emails, not texts, so customers are less skeptical of potential text scams. The only way to fully prevent SMishing attacks is to have a secured mobile network that protects against vulnerabilities exploited by criminals to spoof text sender IDs. Network operators are encouraged to implement SMS fraud protection solutions to protect their subscribers.

1. SMISHING
A FRAUD THAT SHOULDN’T BE IGNORED.
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2. There are a few reasons
why SMishing is particularly
dangerous to the subscribers.
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3. PAYMENT
FRAUD
First of all, it typically
targets financial institutions
and their customers.
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4. TRUSTED
SOURCE
Secondly, SMS sent by criminals
appears to come from the bank.
Which means it is a fraudulent
text message purporting to be
from a trusted sender.
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5. LACK OF
AWARENESS
The third point is
customer awareness.
Or lack of it.
Most banks inform their customers to be suspicious of emails
but not text messages, therefore customers do not yet have
the same level of scepticism towards potentially
fraudulent SMS.
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6. SOLUTION?
Since criminals aim to abuse
the Alpha Tag of the SMS thread
and SS7 vulnerabilities, the only
way to prevent SMishing attacks
is a fully secured network.
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7. Remember, as MNO,
you are the only one
who can protect
the subscribers.
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8. SMART SOLUTIONS FOR MOBILE OPERATORS,
AGGREGATORS AND MESSAGING HUBS.
Get in touch whith HAUD if you want to know more
about efficient SMS fraud protection and visit:
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