![]() ![]() ![]() Those who respond are connected to a fake bank representative. ![]() These texts are designed to create a sense of urgency, often by asking people to verify a large transaction they did not make. The analysis looked at a random sample of 1,000 text messages reported to the FTC, finding that fake bank security messages, often supposedly from large banks like Bank of America and Wells Fargo, were the most common type. Consumers reported losing $330 million to text message scams in 2022, more than doubling what was reported in 2021. ![]() In a newly issued data spotlight, the FTC ranks the top five types of text message scam reported in 2022, with examples of each showing the ways that scammers craft messages designed to deceive consumers. About the FTC Show/hide About the FTC menu itemsĪ new analysis from the Federal Trade Commission shows that bogus bank fraud warnings were the most common form of text message scam reported to the agency, and that many of the most common text scams impersonate well-known businesses.News and Events Show/hide News and Events menu items.Advice and Guidance Show/hide Advice and Guidance menu items.Competition and Consumer Protection Guidance Documents.Enforcement Show/hide Enforcement menu items. ![]()
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