The majority of "smishing" fraud attempts have come through the blitz of parcel delivery texts sent out during the Covid crisis.

Millions of mobile users have received the texts that claim a small payment is needed for a package delivery to be completed. But the texts are a front for fraudsters attempting to steal personal banking details. Cybersecurity firm Proofpoint told banks their prevalence was on the rise.

Impersonation

Smishing is a technique that criminals use to target consumers with texts impersonating trusted organisations. Proofpoint, which provided data for the banking trade body UK Finance, said that over a 90-day period to mid-July, some 53% of these smishing attempts were via delivery texts. This compared with 23% of messages claiming to be from banks or financial institutions. During the most recent 30-day period, some 67% of these scams were delivery text messages.

Source: BBC Business