People use their smartphones for just about everything today including banking. It can be very simple and convenient to deposit checks and transfer money between accounts merely by using your phone. It also can be very simple and convenient for scammers to get at your bank accounts if you are not careful. Recently there has been a surge in smartphone banking scams that start when you receive a text message that appears to come from your bank telling you, under some pretext, that you need to click on a link to update your information. Two things can happen if you click on this link and neither is good. In one form of this scam, you are sent to an official looking page where you are prompted to enter your name, user ID, password and bank account number. Unfortunately, if you do so, you will end up becoming a victim of identity theft by providing an identity thief with all the information needed to loot your account. Under another scenario, merely by clicking on the link in the text message, you will end up downloading keystroke logging malware that will steal the information from your computer and use it to make you a victim of identity theft.
Trust me, you can’t trust anyone. Even if the text appears to be legitimate, you can never be sure. Never click on links unless you have absolutely confirmed that it is legitimate and never provide personal information in regard to a text message. If you have even the slightest thought that the text message might be legitimate, merely ignore it and call you bank at a telephone number that you know is correct.