Phishing scams have grown up from the unsophisticated swindles in the past in which fake Nigerian princes emailed victims, who would get a big windfall if they just provided their bank account number. The vast majority of the emails are spams and a portion of those are defraud. The scale of electronic fraud means that the criminals can make huge profits even if only a small percentage of people are duped. New technology fraudsters have turned to smishing which is phishing fraud sent through sms test messages. Electronic con artists are getting more sophisticated in approaching potential victims. The technological advancements have indeed helped out the con artists to new methods of fraud.
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