SMS Vishing and the need for Dynamic Fraud Solutions

Similar to the other virus that plagues us at the moment, criminals using Telco services in attempts to defraud the unwary are demonstrating an amazing capacity to adapt, change and bypass the defensive measures that are put in place to stop them. They are currently focussing on a hybrid attack, SMS Vishing, that combines the ‘advantages’ of both Smishing and Vishing. The constant variety and changing point-of-attack used by fraudsters highlights the problems facing Mobile Operators as they work to protect their networks and subscribers. Fraud solutions need to be dynamic, and Operators must have counter-measures that evolve as fast as the attackers.

In this bulletin, we provide details on SMS Vishing, including recent news alerts and our blog on the need for dynamic fraud solutions.