Indian Banks Face Surge in SMS Scams

Indian banks are seeing a big increase in scams that come through text messages.

These scams have gone up by 146% in the first half of 2026 compared to the same time last year.

Fraudsters are targeting mobile users more than traditional web-based channels, with a 67% increase in mobile fraud sessions.

This includes an 86% rise on iOS devices and a 35% increase on Android devices.

The total value of attempted fraudulent transactions has also gone up by 35%.

Despite this, banks using advanced fraud detection systems have seen a 12% decline in attempted fraud sessions.

Experts say that collaboration among banks, the Reserve Bank of India, and law enforcement agencies is helping to strengthen fraud prevention efforts.