Rise of Smishing Attacks Amid Declining SMS Fraud Losses

SMS fraud losses are projected to decline by 11% in 2026 due to improved operator security and reduced messaging volumes, according to Juniper Research. However, a significant rise in smishing attacks, particularly from Chinese groups impersonating government services and international brands, has been noted, indicating a shift in tactics among cybercriminals. Consumers are increasingly targeted through text messages, making this method more prevalent than email for reaching victims.