Key Highlights
- 70% of mobile phishing attacks are conducted via smishing
- The number of reported smishing attacks increased by over 400% between 2020 and 2023
- 2.3 million Americans fell victim to smishing scams in 2022
- 55% of consumers can't distinguish between legitimate and fraudulent text messages
- 45% of organizations experienced a decrease in productivity due to smishing-related breaches
- 60% of smishing attempts use urgent language to prompt immediate action
- The average financial loss from a smishing scam is around $600 per victim
- 34% of smartphone users have received a smishing message
- The highest percentage of smishing attacks target individuals aged 25-34
- 80% of all phishing attacks incorporate some form of social engineering, often via smishing
- 65% of smishing campaigns include links to fake websites designed to steal credentials
- The average age of a smishing victim is 39 years old
- Approximately 83% of cyberattacks start with a phishing email or message, often via smishing
With smishing scams surging by over 400% in just three years and 70% of mobile phishing attacks now conducted via SMS, it’s clear that hackers are increasingly targeting your phone—and most of us can’t even tell the difference between legit messages and dangerous scams.
Detection, Reporting, and Prevention
- The average time to detect a smishing-related breach is 72 hours
- 68% of consumers stated they would report a suspicious text message if they knew how
Detection, Reporting, and Prevention Interpretation
Financial Impact and Losses
- The average financial loss from a smishing scam is around $600 per victim
- The cost of smishing attacks to businesses globally is estimated at over $2 billion annually
- The average monetary loss per smishing incident is around $1,200
Financial Impact and Losses Interpretation
Phishing and Smishing Attack Trends
- 70% of mobile phishing attacks are conducted via smishing
- The number of reported smishing attacks increased by over 400% between 2020 and 2023
- 55% of consumers can't distinguish between legitimate and fraudulent text messages
- 45% of organizations experienced a decrease in productivity due to smishing-related breaches
- 60% of smishing attempts use urgent language to prompt immediate action
- 80% of all phishing attacks incorporate some form of social engineering, often via smishing
- 65% of smishing campaigns include links to fake websites designed to steal credentials
- Approximately 83% of cyberattacks start with a phishing email or message, often via smishing
- In 2022, over 57% of smishing messages contained malicious links
- Mobile malware associated with smishing increased by 220% in the last year
- 40% of smishing victims report that they clicked on a malicious link, leading to data compromise
- 28% of respondents in a survey could not recognize a smishing attack
- Globally, nearly 1.5 million reports of smishing have been filed in 2023 alone
- 50% of smishing messages are related to fake prize winnings
- 25% of organizations experienced an increase in customer complaints related to smishing
- 52% of smishing links lead to fake banking or financial websites
- 19% of smishing scams include impersonation of a well-known brand or government agency
- 21% of victims lose access to their online accounts after clicking malicious links
- 54% of small businesses experienced a smishing attack in 2023, up from 30% in 2020
- 55% of smishing messages contain fake alerts about account breaches
- 30% of smishing messages attempt to acquire personal health information
- Over 60% of smishing attacks use a sense of urgency to prompt action
- The phishing click-through rate via SMS is 5 times higher than email
- 77% of smishing schemes include links to fake login pages to harvest credentials
- 88% of organizations have experienced at least one smishing incident in the past year
- 81% of smishing attacks target users of mobile banking apps
- 33% of smishing texts mimic official messages from government agencies
- 52% of fraudulent SMS messages contain a sense of urgency to bypass skepticism
Phishing and Smishing Attack Trends Interpretation
Victim Demographics and Behavior
- 2.3 million Americans fell victim to smishing scams in 2022
- 34% of smartphone users have received a smishing message
- The highest percentage of smishing attacks target individuals aged 25-34
- The average age of a smishing victim is 39 years old
- 73% of reported smishing scams target banking customers
- 32% of targeted individuals reported their bank account being compromised after a smishing scam
- 46% of users who receive smishing messages do not report them to authorities
- 47% of people have received a smishing message in the last 6 months
- 42% of victims report having forwarded smishing messages to friends or family, sometimes enabling further scams
- The median age of victims who fall for smishing schemes is 36 years
- 69% of victims do not report smishing incidents, citing ignorance or fear
Victim Demographics and Behavior Interpretation
Sources & References
- Reference 1CISCOResearch Publication(2024)Visit source
- Reference 2TRANSUNIONResearch Publication(2024)Visit source
- Reference 3FBIResearch Publication(2024)Visit source
- Reference 4PHISHINGResearch Publication(2024)Visit source
- Reference 5MICROSOFTResearch Publication(2024)Visit source
- Reference 6SCIENCEResearch Publication(2024)Visit source
- Reference 7STATISTAResearch Publication(2024)Visit source
- Reference 8MOBILE-THREATSResearch Publication(2024)Visit source
- Reference 9ECONOMICCLUBResearch Publication(2024)Visit source
- Reference 10CSOONLINEResearch Publication(2024)Visit source
- Reference 11HELPNETSECURITYResearch Publication(2024)Visit source
- Reference 12PRIVACYResearch Publication(2024)Visit source
- Reference 13CYBERSECURITY-INSIDERSResearch Publication(2024)Visit source
- Reference 14BANKINFOSECURITYResearch Publication(2024)Visit source
- Reference 15AVASTResearch Publication(2024)Visit source
- Reference 16CERTResearch Publication(2024)Visit source
- Reference 17TECHREPUBLICResearch Publication(2024)Visit source
- Reference 18OPENDEMOCRACYResearch Publication(2024)Visit source
- Reference 19FRAUDResearch Publication(2024)Visit source
- Reference 20FINANCIALITResearch Publication(2024)Visit source
- Reference 21CUSTOMEREXPERIENCEWORLDResearch Publication(2024)Visit source
- Reference 22SECURITYMAGAZINEResearch Publication(2024)Visit source
- Reference 23CYBERSECURITY-MAGAZINEResearch Publication(2024)Visit source
- Reference 24VERIZONResearch Publication(2024)Visit source
- Reference 25CONSUMERREPORTSResearch Publication(2024)Visit source
- Reference 26IMPERVAResearch Publication(2024)Visit source
- Reference 27TECHADVISORYResearch Publication(2024)Visit source
- Reference 28CYBERCRIMEJOURNALResearch Publication(2024)Visit source
- Reference 29SMALLBIZTRENDSResearch Publication(2024)Visit source
- Reference 30REUTERSResearch Publication(2024)Visit source
- Reference 31ZDNETResearch Publication(2024)Visit source
- Reference 32FINANCIALATTACKREPORTResearch Publication(2024)Visit source
- Reference 33HEALTHITResearch Publication(2024)Visit source
- Reference 34TECHSAFETYResearch Publication(2024)Visit source
- Reference 35SOCIALENGINEERINGResearch Publication(2024)Visit source
- Reference 36SECURITYWEEKResearch Publication(2024)Visit source
- Reference 37IDENTITYTHEFTResearch Publication(2024)Visit source
- Reference 38TECHCRUNCHResearch Publication(2024)Visit source
- Reference 39MOBILEBANKINGNEWSResearch Publication(2024)Visit source
- Reference 40GOVTECHResearch Publication(2024)Visit source
- Reference 41INFORMATIONAGEResearch Publication(2024)Visit source
- Reference 42CYBERAWAREResearch Publication(2024)Visit source