Business News • MarketWire • Vishing and Smishing Are on the Rise: ValidSoft Technology Can Protect Consumers and Banks |
Vishing and Smishing Are on the Rise: ValidSoft Technology Can Protect Consumers and Banks |
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Vishing and Smishing Are on the Rise: ValidSoft Technology Can Protect Consumers and Banks
LONDON--(Marketwire - November 9, 2010) - Consumers and banks are increasingly falling victim to fraudulent calls or text messages sent to people's phones using techniques known as 'vishing' and 'smishing.' Believing that the messages are legitimate, consumers respond by divulging such sensitive information as bank accounts and credit card numbers, enabling the criminals to steal money or go on spending sprees with stolen credit card numbers. The FBI warns of an alarming rise in such attacks (http://www.theregister.co.uk/2008/01/21/fbi_vishing_warning/). And in the latest widespread crime spree, victims were hit all across the United States, from Illinois to Utah (http://www.bankinfosecurity.com/articles.php?art_id=2896&rf=2010-09-07-eb). "Without new technology to spot and stop these attacks, we're all vulne
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