Tech

Urgent warning about dangerous online scammers posing as your bank – how to spot fake text messages

EXPERT warns that scammers may be impersonating your bank to steal your money – here’s how to protect your money.

A new scam being flagged this week is that scammers are sending fake text messages to unsuspecting victims posing as their banks.

Scammers are using SMS to pose as people's banks in hopes of stealing their money.

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Scammers are using SMS to pose as people’s banks in hopes of stealing their money.Credit: Alamy

The criminals behind the scam are using the tried and tested method of pressuring victims to act quickly and without thinking, but using SMS technology.

A woman named Lynn, who almost became a victim of the scam, shared her experience with ABC15, saying she received a text message allegedly from the Wells bank fraud department. Her Fargo.

The text message says that a payment from Zelle has been transferred from Lynn’s account and that she should respond with “no” if the payment is not authorized by her.

Lynn said she was quick to say “no,” but she was “immediately scared because there was $3,500 from my account.”

Five minutes later, Lynn said she received a phone call from the scammer.

“He kept saying you have to do this within 10 minutes, in 10 minutes it’ll be out. It’ll run out of your account,” Lynn added.

“I got caught up in that. And I was hypnotized into a sadness, anxiety, I wasn’t thinking straight,” she added.

Fortunately for Lynn, his husband quickly caught on to the scammer’s ruse and prevented her from taking any further action that would inevitably cost her money.

How to protect your money

In an official statement, Wells Fargo warns customers that “criminals can spoof caller ID so it looks like an unexpected call or text is coming from your bank. To be on the safe side – do not answer.”

A representative from Zelle added that banks will “never call for sensitive information” and will not ask customers to “transfer funds between accounts to prevent fraud.”

Wells Fargo advises people to never share temporary access codes or PINs with anyone who calls them unexpectedly.

Furthermore, customers are advised to avoid sending money or providing account information to anyone they do not know, including third-party companies.

If you find yourself in this situation, Wells Fargo recommends contacting your bank with a legitimate number (i.e. the number found on the back of your debit card), as well as reporting the scam with FBI.

Scammers are applying pressure via SMS/phone calls to get the victim into the net.

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Scammers are applying pressure via SMS/phone calls to get the victim into the net.Credit: Alamy
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https://www.thesun.co.uk/tech/17316773/warning-scammers-bank-fake-text-messages/ Urgent warning about dangerous online scammers posing as your bank – how to spot fake text messages

Caroline Bleakley

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