British based HSBC is the world’s sixth largest bank and has branches around the world. Recently scammers have been randomly sending out text messages, such as the one reproduced below in order to scare people into clicking on the link in order to verify their account and avoid a threatened suspension of the account. If you click on the link it will take you to a phony HSBC website that looks legitimate, but is merely a scam to lure you into providing your username and password for your HSBC account (if you have one) which the scammer will use to steal money from your account. If you receive this text message and don’t have an account with HSBC, you know immediately it is a scam, but it can look frighteningly legitimate if you have an account with HSBC.
This message can be particularly problematic if you are an HSBC customer and have signed up to receive text message alerts from the bank. However, whenever you receive a text message you can never be sure who is really sending it to you, so you should never click on links in such text messages which may either download ransomware malware on to your phone or keystroke logging malware that can lead to your becoming a victim of identity theft. In other instances, such as with this particular text message scam, you are in danger of providing your personal information directly to the scammer that can be used to access your accounts. The best course of action when you receive such a text message if you have a concern that it may be legitimate is to merely independently contact your bank to determine whether or not the text message was a scam.