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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSmishing: A Silly Word for a Serious Fraud Risk
There was clearly something fishy afoot when Beth, a disabled 50-year-old from North Carolina who asked us not to use her last name, received two text messages saying she had money available to add to her phone's digital wallet.
One message read, "Beth put this in your wallet and use it whenever." The other said. "The balance on this account is yours. no be to share [sic]." Both messages included hyperlinks.
Beth had just become the target of smishing, an increasingly common tactic criminals are using to commit fraud.
Instead of clicking on the embedded links, Beth deleted the messages and reported them to the Better Business Bureau, a business watchdog. Money doesn't just drop in your lap, she told Consumer Reports, explaining why the messages raised her suspicions. Beth says shes been on high alert for fraud since being targeted by calls from scammers claiming to be officials from the IRS or Social Security.
The word smishing combines SMS, the primary technical format for text messaging, and phishing. As in other phishing attacks, the criminals masquerade as government workers, tech support representatives, long-lost friends, or financial institutions and try to lure people into divulging personal details that could lead to fraudulent credit card purchases or identity theft.
In 2018, the Federal Trade Commission logged 93,331 complaints about unwanted text messages, including smishing attempts. That was up 30 percent from the year before. And reports are continuing to climb in 2019.
Security experts say one reason for the increase in smishing is that these days people trust text messages more than phone calls or emails.
https://www.msn.com/en-us/news/technology/smishing-a-silly-word-for-a-serious-fraud-risk/ar-AAHy6Ac?li=BBnb7Kz
Bottom line is if something sounds too good to be true it usually is.
marybourg
(12,624 posts)and bought a phone card with plenty of texting allowed, I received a text purporting to be from This Phone telling me that I was running out of texting time. It didnt bear the name of my actual phone re-seller. I checked my real account, and of course, I had plenty of texts remaining. Just another attempted scam. I hadnt heard of this one before, but it was inevitable.
Stuart G
(38,420 posts)line is.... if something sounds too good to be true it usually is not true..
Side note: I started teaching Consumer Education in 1968..in a high school in Chicago. Well...it was Mod History..with Consumer Ed added in 2 or 3 times a month, because that is what I wanted to teach..
As it turns out...I got to teach Consumer Ed... as courses changed.....
....So I taught a half year of Consumer Ed, and the other half Contemporary History...Always, Always, and Always...."There is nothing really free in buying stuff......or.....as you said.................
..................Bottom line is if something sounds too good to be true it usually is not true.. '
Thank YOu...and Thank You again..
safeinOhio
(32,674 posts)saying they got 1,499 from my account for one of their products. I have all Apple products. Call my bank and no payments had been made. Did not click on anything.