Smishing
What is Smishing?
“Smishing” (SMS phishing) is a text messaging scam that continues to become more prevalent. Smishing is similar to email “phishing” scams and as a result, identity theft.
A smishing attack uses a text message to deceive an unsuspecting individual into providing valuable information, such as an account number, card number, CVV number, card expiration date, password/pin, Social Security number and other personally identifiable information. Once obtained, scammers use the information to generate, among other things, counterfeit ATM cards. Attackers may then generate a fictitious card and begin conducting fraudulent cash withdrawals, sometimes in as little as an hour.
How it Works
A smishing attack uses a text message to deceive an unsuspecting individual into providing valuable information, such as an account number, card number, CVV number, card expiration date, password/pin, Social Security number and other personally identifiable information. Once obtained, scammers use the information to generate, among other things, counterfeit ATM cards. Attackers may then generate a fictitious card and begin conducting fraudulent cash withdrawals, sometimes in as little as an hour.
If you suspect you have been a victim of smishing, please notify Member Care at 210.442.0100 or your nearest Financial Center.
Five (5) Tips to Protect Yourself from Identity Theft
- Use strong passwords
- Do not give out personal information (a financial institution already has your information)
- Limit oversharing on social networks
- Store important financial records safely
- Shred old statements, unused personal checks, invoices and financial information
The Smishing Alert was shared by the Texas Credit Union Department.