Text Message Scams Are Surging — and Financial Institutions Are the Prime Target
Posted On: April 1, 2026 by Prevail Bank in: Fraud
If you’ve received a text message claiming to be from your bank, you’re not alone — and you’re right to pause before clicking.
Text message scams are increasing at a rapid pace, with cybercriminals increasingly posing as banks and financial institutions to pressure people into taking immediate action. (One source reported that, “Text-message attacks with the...
Banks Never Ask That. Your Text May be a Scam if...
Posted On: June 3, 2024 by Prevail Bank in: Digital Banking, Fraud
For many organizations, consumers are given a choice as to how they wish to receive communications. For many that would be texting.
Texting, from a consumer’s point of view, has its benefits; it’s:
Convenient; you can respond on your time. Efficient. Text messages are typically short and to the point. Not tied to the internet, but they do rely on phone carrier networks. Messages are delivered...