SMS Phishing Scheme

A new, and viral, phishing scheme has seen fraudsters putting mobile users’ financial information at risk, according to Kaspersky. The cybersecurity company revealed that attackers, typically under the guise of a postal service, request a small sum of money for the shipping costs of a package. Once a user clicks on an SMS authentication code for the money transfer, the device is compromised thereby enabling increasingly larger amounts of money to be stolen. “Because it is not a complex phishing attack, it has already gained traction in other parts of the world with fraudsters able to pose as virtually any service provider from prepaid electricity to airtime, naming just a few examples,” says Bethwel Opil, Enterprise Sales Manager at Kaspersky in Africa. Phishing, regardless of the scheme u...