How do bank phishing scams actually work?

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A friend of mine recently got scammed by a bank phishing link sent to her phone. She made the mistake of clicking on the link (it was a fake message saying someone had made a transaction and to click the link if it wasn’t her) and next thing she knew, $5k was taken from her bank account. She didn’t enter any details at any point, she just clicked it.

She was luckily able to call her bank and get the money back, but it got me thinking – how are scammers able to take money from you just because you click on something through your text messages?

In: Technology

5 Answers

Anonymous 0 Comments

It is also possible that the fake site she visited installed malware on her device and exfiltrated stored data or logged her keystrokes.

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