Texting Scams Latest Threat to Your Financial Security

Man textingAs consumers become more suspicious and less likely to fall prey to phishing emails, scam artists have turned to mobile phones as a way to steal personal information. According to the 2009 Cisco Midyear Security Report, there has been significant growth in text message scams, with credit unions and other smaller institutions being targeted. The report notes that the fraudsters appear to be trying to exploit the higher levels of trust and familiarity consumers have with these organizations. Several new text message scams appear each week. Be extremely wary of unsolicited text messages. Delete them and then remove them, if possible, as these messages have been known to launch Spyware. Spyware is software installed without your consent, which can monitor or control your use of your computer or cell phone.

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