Online banking is convenient and safe as long as you take some precautions. While it’s nice to avoid standing in long lines waiting for a teller, there’s always the chance for hackers and scammers to get involved. Tap or click here for three online banking mistakes putting your money at risk.
One of a scammer’s favorite methods to get your money is impersonation. They pretend to be a company or organization you trust and hope you fall for it. They can be pretty convincing.
A new text message scam involves crooks impersonating your bank and employing scare tactics to get you to send them money. Here’s what to watch out for.
Here’s the backstory
The Better Business Bureau has been getting reports of a new texting scam. Victims receive messages like “Bank Fraud Alert – Did you approve a transaction for $1,000? Reply YES or NO.” That’s enough to scare anyone.
Next, you’ll get a call from your bank. At least, that’s what the caller ID indicates. The person on the other end says they work for the bank and are here to help. If you want to stop the fraudulent charges, just send some money to yourself using a payment app.
The helpful caller will even assist in connecting your payment app of choice to your bank account if you haven’t already done so. They’ll ask you to verify the…
