Smishing

AAA

DEFINITION of 'Smishing'

The use of SMS (short messaging services) technology to phish for individuals' sensitive personal information, such as Social Security numbers or user names and passwords for online banking. Smishing can also be used to infect users' phones and related networks with destructive viruses or eavesdropping software. Smishing, like phishing, is a criminal activity.

INVESTOPEDIA EXPLAINS 'Smishing'

Mobile phone users can implement the same precautions that they take against phishing attempts to protect themselves from smishing attempts. These include not clicking on URLs received in text messages, not calling phone numbers given in text messages or that appear in the caller ID field of suspicious text messages, and being wary of messages from unknown or unfamiliar sources. To find out if a text message that appears to be smishing is legitimate, users should contact their financial institutions directly using the phone number provided by the institution, not the number provided by the text message.

RELATED TERMS
  1. Identity Fraud Reimbursement Program

    A financial product that offers reimbursment for the costs associated ...
  2. Credit Watch

    A variety of special programs offered by credit rating agencies ...
  3. Account Number

    The primary identifier for ownership of an account, whether a ...
  4. Ponzi Scheme

    A fraudulent investing scam promising high rates of return with ...
  5. Pyramid Scheme

    An illegal investment scam based on a hierarchical setup. New ...
  6. Social Security Number - SSN

    A nine-digit number assigned to citizens, some temporary residents ...
Related Articles
  1. Credit Scams To Watch Out For
    Insurance

    Credit Scams To Watch Out For

  2. Identity Theft: How To Avoid It
    Insurance

    Identity Theft: How To Avoid It

  3. Shopping Online: Convenience, Bargains ...
    Options & Futures

    Shopping Online: Convenience, Bargains ...

  4. What is a
    Investing

    What is a "phishing scam" and how can ...

comments powered by Disqus
Hot Definitions
  1. Passive ETF

    One of two types of exchange-traded funds (ETFs) available for investors. Passive ETFs are index funds that track a specific ...
  2. Walras' Law

    An economics law that suggests that the existence of excess supply in one market must be matched by excess demand in another ...
  3. Market Segmentation

    A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will ...
  4. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following: ...
  5. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  6. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
Trading Center