Phishing - a common scam where crooks utilize email to entice users to divulge sensitive information - has taken a new turn with smishing. Although the name may sound silly, smishing can be dangerous.
Known more formally as SMS phishing, "smishing" is similar to phishing, but instead of email, scammers contact their victims via text message. With the increasing popularity of mobile banking and apps for financial transactions, scammers are shifting tactics to target phones.
As with email scams, scammers send a fraudulent text message that mimics a message from your bank and grabs your attention. For example, texts might claim that your account has been compromised or you have a suspicious ATM withdrawal. There might be a link or a phone number to call - don't do it.
By catching you off guard or in a state of panic, scammers can easily steal your personal information or even infect your phone with malware, reports NBC News.
The lesson learned: don't trust the authority of every text message. Security specialists recommend that you don't click links, respond to the text or call any unverified numbers. Before you act, call your bank to confirm the validity of the text message.
Your bank account will thank you!