Connect with us

Hi, what are you looking for?

HEADLINES

Protect yourself from scam text messages that can steal your bank info

Smishing is a form of fraud in which fraudsters steal your personal information through SMS messages. In this case, the fraudsters are giving you links via SMS to pages that can and will steal the information you type.

You’ve heard similar stories, or you yourself may have experienced getting a lot of text messages from unknown numbers promising sales and bargains, career opportunities, or other tempting offers. These usually come with a WhatsApp link that will take you to a conversation with an unknown person, who will ask you to provide some of your important personal information in exchange for some payment.

When you get these messages, don’t entertain them, click any links, or give out your personal information—these are smishing scams designed to steal your sensitive personal data, such as your online banking login info and credit/debit card numbers, and with it your money.

Smishing is a form of fraud in which fraudsters steal your personal information through SMS messages. In this case, the fraudsters are giving you links via SMS to pages that can and will steal the information you type.

“You can easily spot a smishing attempt by seeing if the person messaging you is asking for sensitive personal information, such as your credit card number, CVV number, or a One-Time Password (OTP). This is information that bank representatives will never ask you via SMS or an unsecured website,” said EastWest Chief Information Security Officer Joey A. Regala.

Advertisement. Scroll to continue reading.

“No matter how tempting the offer, never give away these details to anyone you don’t know or trust,” added Regala.

For EastWest debit cardholders, Regala also recommends turning off online purchases by default in case any unauthorized persons try to use your card after stealing your information. To do this, simply log on to your account on the EastWest Mobile app, go to Card Settings, and select the type of transaction you wish to turn on or off.

Reclaim your peace of mind and control of your finances this holiday season, and protect yourself from smishing and scams by staying aware. Manage your account easily with the EastWest Mobile Banking app, available on the Apple App Store and Google Play Store. For more information and updates on EastWest’s services, follow EastWest on Facebook at facebook.com/EastWestBanker, on Twitter at @eastwestbanker, or visit their website at www.eastwestbanker.com.

Advertisement. Scroll to continue reading.
Advertisement
Advertisement
Advertisement

Like Us On Facebook

You May Also Like

HEADLINES

Now, Filipinos can have access to high-quality digital banking where one can easily open an account, get better interest rates, earn more rewards for...

HEADLINES

"At ING, instead of creating a series of hoops and hurdles for the user, we do the heavy lifting,” said Hans B. Sicat, country...

HEADLINES

The GSave feature has been live in the GCash app since December 2018 in partnership with CIMB Bank. It has been providing unbanked Filipinos...

HEADLINES

Rural banking has always been considered a critical sector in the financial service industry.

HEADLINES

The virtual cards will make it easy for customers to transact online, and the physical card can be used at points of sale at...

HEADLINES

The new name reiterates the digital nature of the bank’s business. Together with the name change comes a new visual identity for the brand,...

APPS

EastWest has made it possible to reclaim freedom and control of your time with their suite of digital banking platforms available to anyone with...

HEADLINES

With the agreement, the BSP and the Ateneo, through the Department of Economics and the Ateneo Center for Economic Research and Development, can now...

Advertisement