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7th December 2018
New anti-text message fraud initiative launched
In an effort to tackle text message fraud, four major UK mobile networks, EE, O2, Three and Vodafone, have joined forces with UK Finance to create the SMS Phishguard initiative. It’s reported that banks that sign up to the service will register their text message headers, the sender name that a customer receives on a text, making fraudsters unable to use them to impersonate banks.
The initiative is being led by UK Finance, Mobile UK, the trade association for mobile network operators, and Mobile Ecosystem Forum (MEF), the global messaging trade body
Katy Worobec, Managing Director of Economic Crime at UK Finance, said: “Protecting customers from fraud is a top priority for the finance industry, which is why we are working closely with the mobile network operators and service providers in trialling this anti-spoofing system. This initiative will be another important weapon in our fight against fraud and the criminals behind it, by rooting out their scam texts which target victims.”
