Illinois Bankers Association Alerts Consumers About Text Phishing Scam

SPRINGFIELD, Ill., Jan. 30, 2012 /PRNewswire-USNewswire/ -- The Illinois Bankers Association is aware of some recent incidences in the state of "phishing" through text messages. Phishing is a tactic in which identity thieves "phish" for personal information, like account numbers, passwords, Social Security numbers, and other confidential information that they can use to deplete accounts or run up credit card bills. The latest incidents involve text messages being sent to mobile phones. The message appears to be from a financial institution, and it asks the recipient to call a phone number because there is a problem with their account.

The FTC's recommendation to residents who receive a text message about problems with their bank or credit card account is to call their wireless provider and inform it of the message. They also should alert their financial institutions. Consumers also can file a complaint with the FTC at ftc.gov or by calling (877) FTC-HELP (382-4357).

Protect Yourself from Phishing

1. Never provide your personal information in response to an unsolicited request. Some fraudulent requests are now even coming via text messages or automated phone messages asking for the consumer to call a phone number or enter his card number for verification.

2. If you believe the contact may be legitimate, contact the financial institution yourself.

3. Never provide your password over the phone or in response to an unsolicited Internet or e-mail request.

4. Review account statements regularly to ensure all charges are correct, and balance your checkbook on a regular basis.

5. Be sure to obtain your free credit report each year from one of the nationwide consumer credit reporting companies 

Equifax – 800-525-6285
Experian – 888-397-3742
TransUnion – 800-680-7289

6. Keep your computer up-to-date with anti-spam filters and blockers.

The Illinois Bankers Association is a full-service trade association dedicated to creating a positive business climate that benefits the entire banking industry and the communities they serve. Founded in 1891, the IBA brings together state and national banks, savings banks, and savings and loan associations of all sizes in Illinois. Collectively, the IBA represents nearly 90 percent of the assets of the Illinois banking industry, which employs nearly 100,000 men and women in nearly 5,000 offices across the state.

SOURCE Illinois Bankers Association