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Explainer: How the 'smishing' scam works and what to look out for

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Criminals are sending out fake ‘smishing’ texts claiming to be issuing fines or offering payments related to coronavirus, financial firms are warning (PA)

Criminals are sending out fake ‘smishing’ texts claiming to be issuing fines or offering payments related to coronavirus, financial firms are warning (PA)

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Bank Of Ireland is to reimburse customers who lost money to scammers through a ‘smishing’ cyber fraud campaign that inserted fake texts into genuine interactions between the bank and account holders.

But what exactly is smishing? How does it work? And what do you need to guard against? Here’s a quick guide to the fraudulent activity.

1. How does smishing work?