Can SMS prevent fraud?

Hello, according to the Work Plan of the Ministry of Industry and Information Technology to Prevent and Combat Communication Information Fraud and Comprehensively Control Bad Information on the Internet (No.339 of the Ministry of Industry and Information Technology's Letter of Management [2015]) and the Work Plan of the Ministry of Public Security's Special Action to Combat and Control New Crimes in Telecommunication Networks (No.3410). In order to reduce the probability of communication information being defrauded, after investigation, it was decided to entrust Beijing, Shanghai, Zhejiang, Henan and Guangdong branches to carry out the pilot work of anti-fraud reminder service, which was officially put into operation on May 16. Other provinces were officially launched on September 19 and 20 16 respectively; I hope it helps you.