Smishing Shenanigans: How Sneaky Text Scams Are Emptying Your Wallet
The Smishing Triad has turned text scams into a global business, targeting millions with phishing messages. These Chinese-speaking cybercriminals are now using thousands of domains to steal personal data. As they expand, experts suggest targeting their supply chain choke points to curb their smishing operations.
Hot Take:
Is it just me, or have scammers become more sophisticated than your average tech startup? With smishing syndicates running like well-oiled machines, one has to wonder if they have their own HR department too. Who knew the dark web had its own version of Silicon Valley? Time to invest in a good spam filter and maybe hire a cybersecurity consultant who doesn’t accept payment in iTunes gift cards.
Key Points:
– Smishing syndicates, mainly Chinese-speaking, are responsible for large-scale SMS phishing operations.
– These groups imitate legitimate companies to trick victims into providing personal information.
– The Smishing Triad is a significant player, using over 200,000 domains for scam websites.
– Cybercriminals use digital wallets like Apple Pay and Google Wallet for card cloning.
– Security measures are suggested, like better domain monitoring and spam filtering.