Text scammers in ComReg’s sights as it implements SMS registry for businesses

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Text scammers in ComReg’s sights as it implements SMS registry for businesses
FraudScammers
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Registry will mean only legitimate businesses should be able to access consumer phones but scammers will inevitably find new approaches

When my phone pinged to let me know I had received a new text message from my bank, I ignored it. Like many people would these days, I imagine.

One message came from a bank I had never held an account at, for example. Others contained obviously fake website addresses. If I had followed the link, all I would have been doing was handing over my personal details to a con artist to use against me.‘I don’t know what happened my money’: Students who paid to study in Ireland left in limboA short time after getting the message, and taking no action, I got a call from the bank to follow up.

But a quick call to the bank revealed that it wasn’t – and that fraudsters had managed to get some money from her account before the bank flagged it. The end result was to dupe victims into transferring funds to a “safe account” controlled by the fraudsters, because their existing accounts had been “compromised”., however. The communications regulator is trying to tackle the problem through a registry that aims to help weed out the scammers and hopefully stop people from falling prey to this particular scam.

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