Smishing

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.

BREAKING DOWN '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. Message Authentication Code - MAC

    A security code that is typed in by the user of a computer to ...
  2. Law Of 29

    A belief held by some marketers that on average a prospective ...
  3. Third-Party Technique

    A marketing strategy in which a company employs outside individuals ...
  4. Mobile Marketing

    Mobile marketing is marketing that takes place via mobile devices ...
  5. Network Effect

    A phenomenon whereby a good or service becomes more valuable ...
  6. Monthly Active User (MAU)

    Monthly Active User (MAU) is a key performance indicator (KPI) ...
Related Articles
  1. Retirement

    5 New Phishing Scams To Watch Out For

    These five scams may seem transparent, but thousands of people fall for them annually.
  2. Markets

    What Is T-Mobile's Advanced-Messaging Service? (TMUS)

    Discover the latest information about T-Mobile's Advanced Messaging system and what it offers that is not available through other carriers.
  3. Financial Advisor

    Advisors: What to Know Before You Text

    Texting is becoming more popular between clients and financial professionals, but compliance can be tricky. Here's what to know before advisors text.
  4. Investing

    Top Mobile Banking Dangers And How To Avoid Them

    Banks have improved the functionality of mobile banking so that consumers can transfer funds, pay bills or check balances whenever and wherever they may be.
  5. Investing

    Needle In A Haystack: Investing Message Boards

    Message boards provide a great opportunity to read insightful information and opinions, but watch out for "trolls".
  6. Markets

    Cost-Free Connection Of Target Groups To Marketers

    ZipDial spotted a niche marketing opportunity in the area of “missed calls” and developed a business around it. Here is how ZipDial works and its benefits.
  7. Insights

    Telegram Is Growing Fast!

    Telegram is growing fast but is far behind popular messaging services like WhatsApp.
  8. Insights

    Facebook Messenger Now Let's You Send Texts (FB)

    By merging SMS and Messenger conversations on a single platform, Facebook hopes to win the SMS race.
  9. Entrepreneurship & Small Business

    6 Branding Tips For Small Business Owners

    One of the most important areas for all businesses to utilize is branding.
  10. Personal Finance

    Cell Phone Evolution

    Follow the evolution of cell phones from 20 pound bricks to the sleek smart phones of today.
RELATED FAQS
  1. What is a "phishing scam" and how can they be avoided?

    The term phishing (as in fishing for confidential information) refers to a scam that fraudulently obtains and uses an individual's ... Read Answer >>
  2. How do Internet companies profit if they give away their services for free?

    Learn how companies in the Internet sector make a profit when service, content and user applications are offered at no cost ... Read Answer >>
  3. What are the most common scams regarding Social Security benefits?

    Learn about some of the most common Social Security scams that occur by phone, email and direct mail, and how to recognize ... Read Answer >>
  4. How do I check the balance on my prepaid credit card?

    Check your prepaid credit card balance quickly using your phone or the Internet. Keeping track of your balance is easy and ... Read Answer >>
  5. Is getting a free credit report safe?

    Discover whether getting a free credit report is safe, and find out how to get a legitimate free credit report. Understand ... Read Answer >>
  6. What is the best software for calculating the cash budget of an individual?

    Explore the options and features of several leading personal finance tools to find the best software for calculating your ... Read Answer >>
Hot Definitions
  1. Diversification

    A risk management technique that mixes a wide variety of investments within a portfolio. The rationale behind this technique ...
  2. European Union - EU

    A group of European countries that participates in the world economy as one economic unit and operates under one official ...
  3. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  4. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
  5. Brexit

    The Brexit, an abbreviation of "British exit" that mirrors the term Grexit, refers to the possibility of Britain's withdrawal ...
  6. Underweight

    1. A situation where a portfolio does not hold a sufficient amount of a particular security when compared to the security's ...
Trading Center