You may soon get an AI shield to thwart phishing via SMSes

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.