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Smishing Explained: The SMS Scam That Could Empty Your Bank Account – Belles and Gals

Published by
Felix Marlowe
Imagine receiving a text from your bank on a busy Monday morning. The message warns of a suspicious transaction and asks you to confirm your account details immediately by clicking a link. Rushed and distracted, you comply. Days later, you discover your bank account has been emptied. Welcome to the world of smishing, a form of phishing using SMS that’s wreaking havoc worldwide.
Smishing is a clever blend of the words “SMS” and “phishing,” describing scams that target victims through text messages. While phishing emails are notorious for their clunky spelling errors and generic tone, smishing messages are polished, urgent, and convincing. These scams often impersonate trusted organizations like banks, delivery services, or even government agencies, making it hard to spot the ruse.
The tactic is simple: send a message with an urgent call to action. Examples include confirming a payment, settling customs fees, or resolving a pending transaction. A malicious link in the SMS leads victims to share personal information, download harmful software, or unknowingly give hackers access to their financial accounts.
As Stuart Jones, a cybersecurity expert from Proofpoint, explains, “Smishing tricks victims into believing they’re interacting with legitimate entities, leveraging urgency and trust to extract sensitive information.”
Although smishing has existed for years, its prevalence has skyrocketed, especially during the COVID-19 pandemic, when the world shifted to online services. According to the Mobile Ecosystem Forum (MEF), 39% of consumers reported encountering at least one SMS scam in 2023. On average, between 300,000 and 400,000 smishing attacks occur daily, making it a global cybersecurity crisis.
The rise is staggering. A study by Proofpoint highlights a 318% increase in smishing incidents in 2023 compared to previous years. In the United States alone, smishing cost consumers $330 million in 2022—a fivefold jump from 2019, as reported by the Federal Trade Commission (FTC).
The problem lies in the nature of SMS itself. Unlike emails, which are often scrutinized for phishing red flags, SMS messages tend to be trusted implicitly. “Click-through rates for SMS links are up to eight times higher than for emails,” says Proofpoint. This misplaced trust, combined with increasingly sophisticated scams, has turned smishing into a goldmine for cybercriminals.
Scammers have mastered the art of blending in. Smishing messages are no longer riddled with typos or awkward phrases; they’re crafted to look like genuine communications. Messages often mimic the tone and branding of legitimate organizations, adding credibility to their deception.
Moreover, smartphones amplify the problem. Think about it: you’re more likely to open an SMS than an email during your busy day. The immediacy of mobile notifications makes users more reactive and less cautious, creating the perfect storm for smishing attacks to thrive.
A real-world example comes from a friend who recently received a text about a “missed delivery.” The link led to a page that mimicked a popular courier service, asking for credit card details to reschedule the package. Thankfully, she paused before entering her information, but not everyone is so lucky.
With scams becoming more sophisticated, vigilance is your best defense. Here are some tips to protect yourself:
However, reporting has its limits. Fraudsters often switch numbers or use multiple messaging platforms, making them difficult to trace. For this reason, education and awareness remain critical.
Smishing is a stark reminder of how quickly scammers adapt to our changing digital habits. As cybersecurity measures improve, criminals are finding new ways to exploit our trust and routines. Staying one step ahead requires not only vigilance but also a healthy dose of skepticism.
Next time you receive an SMS that seems urgent or too good to be true, take a moment. A simple pause might just save you from a costly mistake. After all, in the world of smishing, it’s better to be overly cautious than regretfully fooled.



Felix Marlowe manages Belles and Gals’ vibrant social media platforms. With expertise in social engagement and viral marketing, Felix creates content that sparks conversation and keeps followers coming back for more. From celebrity news to trending challenges, Felix makes sure our social media stays at the forefront of pop culture.
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