by Wells Fargo Scam Text is one of the scam tactics that has been making wave over the internet recently. Did you receive any suspicious text from an unknown number claiming to be from Wells Fargo? If yes, kindly ignore the message! It is a huge scam. This review uncovers the fraudulent activities of this scammers and offers tips on how to detect scam texts and avoid them. Read till the end.
Phishing (Email scams) and Smishing (Fraud through Text messages) are on the increase these days. Scammers are now coming up with several ways to defraud people on a daily basis. One of the ways they do this is by sending text messages to people prompting them to release vital information or even gaining access to their information without their knowledge. Receivers of such texts are therefore advised to always carry out due diligence before giving out any information about themselves.
What Is The Wells Fargo Scam Text All About?
Wells Fargo Scam Text is a text sent by fraudsters disguising themselves to be from Wells Fargo, a renowned bank in America. The text says that claims that there is an unusual activity going on in your account. They may also send a link with which to provide relevant information about you. Do not fall for it.
How Does Wells Fargo Scam Text Work?
In order to appear genuine, cyber criminals behind the Wells Fargo Scam Text employ different strategies. This includes trying to convince their victims that their account being suspended or blocked or they may send alerts about a fake login and warnings about account security breaches or unusual activity. Then, they will request for personal details like password, personal data or PIN codes from their victim using the link attach to the text claiming it is for account verification. Once this is gotten, they can now have access to your account and steal from you. .
What Are The Effects Of This Phishing Scams On The Receivers?
The negative effects that Wells Fargo Scam Text has had on people who fell victim of their tricks unknowingly is really alarming. Ashley Wills, a recipient of this scam email shared her story on how she lost $55k to these scammers in 2023. After receiving the text that a suspicious activity had occurred. She received two fake alerts stating that unauthorized transactions almost amounting to $2K had been taken from her account.
She thought it was genuine looking at the way it was presented with both texts containing the bank’s official customer service number. However, the source phone number the messages were sent from was unrelated to the bank. It was when after giving out her details that she discovered that she had been scammed
This and many more stories, prompted us to start educating the public about this fast rising phishing scam known as Wells Fargo Scam Text as well as other methods used by scammers these days.
How To Detect The Wells Fargo Scam Text.
Below are some of the ways you can identify Wells Fargo Scam Text or similar scam tricks by fraudsters.
- They make the text sound urgent and give penalty for those who default. This is to instill fear and make the receiver do what they said.
- They disguise to be a reputable agency, steal the agency’s official logo and address just to convince customers.
- They send links to malicious sites to get your personal information and steal from you.
- There are usually errors in their email address or the content of the mail or text.
- Majority of them only make use of calls, text messages and chats.
6 Ways To Avoid Being Scammed By These Fraudsters.
In order not to be a victim of the Wells Fargo Scam Text or any other fake agency, follow these instructions:
- Do not click on any link or download attachment from an unknown sender: Do not be in a hurry to click on any link sent in a mail or text message from someone you do not know.
- Check the URL of the links they sent: Is there is an error in the URL or even the content of the text message like misspelling or omission, then know it is a scam.
- Carry out your investigation: Before clicking on any link, do a research to know if they are actually it is actually coming from the said organization. This will save you a lot.
- Do not disclose your personal information anyhow: No genuine agency will request that you provide personal information such as bank account details, password information and others immediately.
- Report suspicious email or phone number: As soon as you discover a fraudulent text or email, report to your local enforcement agency so that they will take actions to stop further scam activities. If you have already shared your personal or financial information with these scammers, all you just have to do is to shut down your cards, then report the incident by calling 1-800-869-3557 or forwarding the suspicious text message to [email protected].
- Tell others about the Wells Fargo Scam Text: Enlighten your friends and family member about the ongoing scam so that they will be aware and not fall victim.
Conclusion
People should be cautious of the information they give out about themselves. There are many scammers out there targeting unsuspecting Australians. Sadly, Wells Fargo Scam Text is one of the viral phishing scams over the internet recently just like the Medicare Scam Text . To stay safe from these fraudsters, you have to adhere to the instructions given above. Click Here to see a list of phishing scams to avoid. Other online scams we have reviewed are Barclays Text Message Scam and Metahorizon Investment Scam
