FBI Warning On Suspicious Text Messages, #246
In this episode of Retire with Ryan, I’m talking about the growing threat of smishing, a type of phishing scam where fraudulent text messages try to trick you into revealing personal information like your social security number, bank account details, or credit card information. I’ll explain how these scams are targeting individuals like you and share some important tips on how to protect your phone and investment accounts from being compromised. It's crucial to stay informed and secure, and I’m here to help you navigate these risks.
You will want to hear this episode if you are interested in...
(0:00) Introduction to smishing and FBI warning
(0:51) How smishing scams are growing and affecting individuals
(1:42) Please review the podcast on Apple or Spotify
(2:41) Real-life examples of smishing attacks Ryan has encountered
(3:53) Identifying fraudulent links and avoiding them
(5:56) What to do if you’ve clicked on a fraudulent link
(7:20) Tips to protect your phone and investment accounts
(9:53) Signs that your phone has been compromised
(11:33) Two-factor authentication and securing your accounts
Understanding Smishing and Its Impact on Personal Security
Smishing is a deceptive technique where fraudsters send text messages to trick people into giving away sensitive information like passwords or financial details. These scams often appear legitimate, with fake websites designed to look like official ones.
The FBI has reported a fourfold increase in these scams this year, highlighting the growing risk they pose. Ryan discusses how these attacks have been targeting toll providers and package delivery services, and emphasizes the importance of remaining vigilant.
How to Identify and Avoid Smishing Scams
Fraudulent messages often include links that appear to be from reputable companies like EasyPass, DHL, or FedEx. However, these links often have slightly altered URLs, which can be hard to spot at first glance. Ryan suggests carefully checking links before clicking and avoiding the urge to provide any personal information through text. He stresses the importance of directly contacting companies through official channels to verify any claims made via text messages.
Protecting Your Phone and Personal Data
A compromised phone can lead to more severe issues, including unauthorized access to bank accounts and investment portfolios. Ryan provides practical steps to protect your phone, including using VPNs, avoiding public Wi-Fi, and regularly updating security settings. Additionally, he highlights the importance of setting up two-factor authentication (2FA) for investment accounts and emails, adding an extra layer of protection against unauthorized access.
Steps to Take If Your Phone Has Been Hacked
If you suspect your phone has been hacked, there are a few signs to look out for, such as unfamiliar apps, strange messages being sent to contacts, or excessive data usage. Ryan recommends immediate action, including contacting your phone provider and using security apps to scan for malware. He also advises freezing your credit and alerting your financial institutions to mitigate potential damage.
These steps are essential in maintaining control of your personal information and securing your financial future. Ryan concludes the episode by urging listeners to be proactive and take necessary precautions against these growing threats.
Resources Mentioned
File a complaint at https://www.ic3.gov/
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