Chances are that by now you can spot a phishing scam from a mile way. That’s why criminals are taking a new approach to trick you into revealing your bank account information.
|Sample SMiShing Attempt|
Thieves are targeting you now through a method called SMiShing, similar to phishing but instead of sending emails they send text messages.
How SMiShing Works
You receive a text message that appears to come from your bank. The text message claims that your account has been compromised or that your card has been deactivated. The text message then instructs you to call a phone number, visit a fraudulent website, or respond via text message with personal information. Don’t do it.
Common SMiShing Phrases to Watch for:
- Your account has been compromised
- Your card has been deactivated
- There is a problem with your account
- Your password has been changed, to confirm contact us
- We had to lock your account, please contact us
Your bank, credit union, or credit card company will never ask you to verify your account details via text message.
If you receive a fraudulent looking text message, report it directly to your financial institution by calling the number on the bank of your debit/credit card.
If you are worried that your account may have been compromised, contact your financial institution right away.