Scam Alert: New Phone Scam Uses a Real Text From Your Bank to Trick You

mentalfloss.com | 10/12/2019 | Staff
Frost123 (Posted by) Level 3
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If you're hesitant to pick up your phone when you see an unknown number (or a familiar number), that's understandable. Fraudulent phone calls have reached an all-time high in recent years and scammed Americans out of billions of dollars. But no matter how savvy you think you are, it helps to be aware of the newest tricks criminals are using before you fall victim to them. One new scam tactic, reported by Lifehacker, uses your bank's real phone number to encourage you to surrender your PIN.

Legal.io CEO Peter Gunst recently shared his experience with the bank scam on Twitter. "Was just subjected to the most credible phishing attempt I've experienced to date," he wrote on the platform.

Scammers - Phone - Claiming - Bank - Someone

It starts with the scammers calling your phone claiming to be your bank. They explain that someone has attempted to use your card in a faraway location. When you tell them it wasn't you who made the purchase, they'll claim to block the transaction and ask for your member number. This isn't an obvious red flag: Unlike an account number or PIN, the scam artists can't use your member number alone to rip you off.

But they can use this number to reset your bank account...
(Excerpt) Read more at: mentalfloss.com
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