Beware of Text Message Scams
The Federal Trade Commission (FTC) is warning consumers about text message scams.
The FTC found that fake bank fraud alerts were the most common text message scam reported in their study. The study also revealed that many popular financial text scams pretend to be from reputable banks and credit unions like TEGFCU.
In 2022, the FTC listed the top five text message scams. They provided examples of how scammers create deceptive messages to trick people. In 2022, text message scams caused consumers to lose $330 million, which is over twice the amount reported in 2021. The number of reports regarding …
