Though vishing and its relative, phishing, are troublesome crimes and sometimes hard to identify, here are some tips from the FTC to protect your identity. Smishing. Just like phishing, smishing uses cell phone text messages to lure consumers in. Often the text will contain an URL or phone number.
The purpose of these frauds is generally to encourage the victim to send money to a foreign bank, where it is eventually transferred to an off-shore account in the control of the con artist. From there, the victim’s money is used for the perpetrator’s personal expenses or is laundered in an effort to make it disappear.