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Smishing Triad: The Scam Group Stealing the World’s Riches
Millions of scam text messages are sent every month. The Chinese cybercriminals behind many of them are expanding their operations—and quickly innovating.
A link in the message points to a realistic website where you are asked to enter more details and make a small payment—while behind the scenes, cybercriminals hoover up your information and credit card digits in real time. “They operate very similar to a [legitimate] business in a lot of ways,” says Grant Smith, the founder of offensive cybersecurity firm Phantom Security who last year hacked one Chinese-language group and uncovered how its internal phishing kits function. Meanwhile, as multiple security researchers have noted, the Smishing Triad group also uses its own software, called Lighthouse, to collect, manage, and store people's personal information and card details.
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