On Monday, state Chief Financial Officer (CFO) Jimmy Patronis warned consumers of a scam called “Smishing”, which is a relatively new form of cyber fraud that’s threatening millions of consumers and small businesses around the world.
Smishing is a form of “phishing” using SMS or text messages instead of email messages to lure in consumers to click on fraudulent links. According to the FBI, phishing and smishing scams cost victims more than $54 million in 2020.
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