Trai pins hope on AI-driven solution to tackle SMS-driven phishing in India

Barcelona: Indian mobile consumers may finally get some respite from phishing and cyber frauds, which lead to estimated financial losses of Rs 1,000-1,500 crore every month.

The initial results from a trial of an artificial intelligence (AI)-based solution being undertaken by Vodafone Idea (Vi) and Tanla Platforms to curb phishing and cyber frauds emanating from misuse of SMSes have returned an accuracy rate of over 99%. This means that the AI-based solution is stopping phishing attempts through SMSes most of the time.