Smishing Scams Are Surging: Here’s What You Should Know According to the FTC, consumers reported losing $470 million to text message scams in 2024, a fivefold increase from 2020. The rise of text-message-based scams, known as smishing, has quickly become one of the fastest-growing threats to bank customers. With the Federal Bureau of Investigations (FBI) and Federal Trade Commission (FTC) issuing urgent warnings, now… Read More