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.

The scam text messages follow a similar pattern: You need to pay an outstanding toll road fee, or a parcel can’t be properly delivered, they say. “The USPS package arrived at the warehouse but could not be delivered due to incomplete address information,” reads one typical message.

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.

These messages originate from one prolific collection of loosely linked cybercriminals: “smishing” syndicates.

Over the past three years, these Chinese-speaking fraudsters have developed and operated the world’s foremost smishing operation, spamming millions of people with text messages and likely ...