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Text Message Scams Are on the Rise: What You Should Watch For
Americans Lost $470 Million to Text Message Scams in 2024: Here’s How to Stay Protected
New data from the Federal Trade Commission (FTC) reveals a concerning trend: in 2024 alone, consumers reported $470 million in losses due to text message scams—a staggering increase from just five years ago.
Despite a decrease in the number of scam reports, the effectiveness and financial impact of these scams have risen significantly. Here’s what you need to know:
Top Text Message Scams of 2024
Fake Package Delivery Alerts Messages that claim there’s an issue with your delivery, urging you to click a link to resolve it.
Phony Job Offers Especially common are “task scams,” where victims are promised easy online work, only to be asked to invest their own money.
False Fraud Alerts Texts impersonating banks or major retailers, warning of suspicious transactions and prompting you to act quickly.
Unpaid Toll Notifications Messages falsely claiming you owe a toll fee, accompanied by a link to “pay now.”
“Wrong Number” Scams These begin with a seemingly innocent message and can escalate into a fake romantic relationship or investment fraud.
How to Protect Yourself
Do not click links or respond to unsolicited texts. If in doubt, contact the company directly using a trusted number or website.
Forward suspicious texts to 7726 (SPAM) to help your wireless provider block similar messages.
Use text filters available on your smartphone to block unwanted messages before they reach your inbox.
A Reminder
BankGloucester will never:
Request money from you or ask for personal or account information via text. If something seems off, give us a call directly at (978) 283-8200.
Make threats or demand immediate action
Offer prizes you haven’t applied for
Staying vigilant and informed is your first line of defense against these increasingly sophisticated scams. For more consumer protection resources, visit consumer.ftc.gov.
