Mobile communication fraud causes massive global financial losses

Mobile communication fraud, including smishing, SMS spoofing, and SIM swapping, continues to pose significant financial risks to individuals and corporations globally. According to data from the Communications Regulation Commission, fraud originating from mobile calls and messaging in Colombia has resulted in claims exceeding 252 million pesos.

On a global scale, reports from the cloud communications platform Infobip indicate that industry losses surpassed 41.82 billion dollars in 2025, with text message scams accounting for more than 400 million dollars in direct damages. Criminal methods include sending malicious links that impersonate financial institutions and altering sender IDs to insert fraudulent messages into legitimate chat threads.