Traditionally, emails and telephone calls have been used but now a new and very widespread variation of phishing has evolved. Also known as “smishing”, scam artists have expanded into the world of SMS to try and fool people into revealing personal information, which may later be used to commit fraud and theft. Smishing is a growing problem for all banking segments including credit unions, regional banks and large nationwide banks. These criminals typically do not target victims individually and instead they use a random dialer to send out the automated text alerts to millions of people. Because of this, many people who do not have an account with the associated “bank” will realize it is a scam and delete the message. However, the con-artists hope people who do have an account will take the bait and fall into their web of lies.
For more information on how to spot and avoid: http://www.youtube.com/watch?v=-aaJuF-9 ... ure=relmfu
Spread the word to your friends and family! My friend and I have fell for these text messages and we can not get our money back. Don't let these crooks win