Authored by Naveen Athrappully via The Epoch Times,

The U.S. Securities and Exchange Commission (SEC) warned investors recently that fraudsters use phishing, smishing, and vishing scams to attempt to compromise their financial, investment, or personal accounts.

“Phishing, smishing, and vishing are types of scams where a fraudster tries to trick you into providing sensitive personal or financial information by posing as an entity you know or trust, such as an investment firm, bank, or some other personal service that you use,”the SEC said in an April 23 alert.

Once a malicious actor gets the personal information of a target, such as social security numbers, bank account numbers, ATM PINs, and driver’s licenses, they can use this to access the target’s accounts

“The main difference between these ‘-ishing’ scams is the method the fraudster uses to try to steal your information or carry out other attacks.”

Phishing involves the use of email to contact a target, tricking them into providing personal or financial information. This is done by urging the target to reply to the mail, clicking on a link to a website mimicking a legitimate platform, or opening an attachment, which downloads malware into their systems.

Fraudsters can use names of real people, companies, or government agencies to make the message sound authentic. The email address they use may contain the name of a company or government agency. The emails could also contain official-looking fine print, legal references, along with graphics and logos.

Such emails typically invoke urgency to solicit information.For instance, the hackers may claim the target’s bank account or other types of accounts will be closed if it’s not updated with certain information. Some fraudsters can claim problems with account or payment information, while others entice through monetary schemes such as prize money.

Smishing and vishing are similar to phishing. Smishing involves fraud via texts or direct messages, while vishing involves the fraudsters contacting targets via phone calls.

In its 2025 Internet Crime Report, the FBI listed phishing as a major financial crime type for the year.

Source: ZeroHedge News