What’s Happening
Authorities in Canada are warning about an increase in banking phishing text messages. These messages claim there has been suspicious activity on your account and ask you to confirm your identity using a link.
The link usually leads to a fake banking login page designed to capture account credentials.
Because text messages often feel more personal and urgent than emails, scammers are increasingly using this method.
Why This Matters
Victims who enter their banking information could experience:
• Unauthorized transactions
• Stolen login credentials
• Identity theft
• Financial losses
How to Stay Safe
• Never click links in unexpected banking text messages
• Contact your bank using the official phone number
• Use your bank’s official mobile app to check activity
• Enable account alerts and multi-factor authentication
Bottom Line
Banks rarely ask customers to confirm information through links in text messages. If a message seems urgent, verify it directly with your bank.
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