Text messaging has become one of the fastest, most convenient ways to communicate—and unfortunately, it has also become a favorite tool for scammers. The Federal Trade Commission (FTC) reported that in 2023, consumers suffered over $437 million in losses due to SMS/text scams, an increase from $330 million in 2022. The median loss per victim was around $1,100, indicating a steady rise each year. Scams involving banks and financial institutions continue to be among the most...
Protect Yourself from Bank Text Scams
Posted on Aug 25, 2025