Cryptocurrency scams, particularly those delivered via text messages (known as smishing), have surged in recent years. In 2023, complaints about crypto-related scams more than doubled, with nearly 1 in 10 fraud reports involving such schemes. (fraud.org) These deceptive messages often impersonate legitimate entities to steal personal information or funds. To protect yourself, consider the following strategies:
What Are Crypto Scam Texts and How Do They Operate?
Crypto scam texts are fraudulent messages that appear to come from reputable sources, such as cryptocurrency exchanges or financial institutions. They typically contain urgent requests or enticing offers, prompting recipients to click on malicious links or provide sensitive information. For example, a scam text might claim, "Your account has been compromised. Click here to verify your information: [malicious link]." (kucoin.com)
How Can Built-In Phone Features Help Block Scam Texts?
Both iOS and Android devices offer built-in features to help identify and filter out spam and scam messages:
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iOS Devices:
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Go to Settings → Messages.
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Enable Filter Unknown Senders to separate messages from unknown contacts into a separate list.
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When you receive a suspicious message, tap Report Junk below the message.
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Android Devices:
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Open the Messages app.
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Open the unwanted message, then tap Add to blocklist or a similar option, depending on your phone’s manufacturer.
These filters use machine learning to detect and block scam texts automatically. (mcafee.com)
What Role Do Carrier Tools Play in Blocking Scam Texts?
Mobile carriers provide additional layers of protection against scam texts:
- AT&T ActiveArmor: This free service blocks scam calls, warns of suspected spam, and sends unknown callers to voicemail.
- Verizon Call Filter: The free version detects, blocks, and screens spam calls and texts. The premium version offers advanced features such as enhanced spam detection, a block list, and a spam risk meter.
- T-Mobile Scam Shield: This free or paid service uses AI to recognize and block fraudulent calls and text messages.
Activating these services can significantly reduce the number of scam texts you receive. (mcafee.com)
How Can Third-Party Apps Enhance Scam Text Protection?
Third-party applications offer advanced features to detect and block scam texts:
- Robokiller: Robokiller is a market-leading solution that effectively blocks scam texts and calls. It uses advanced algorithms and a vast database of known scam numbers to identify and block fraudulent messages.
- TextKiller: Available on iOS, TextKiller claims to block up to 99% of spam text messages by comparing incoming texts to an ever-growing database of smishing messages. (makeuseof.com)
While Robokiller offers comprehensive protection against scam texts, TextKiller is limited to iOS devices and may not provide the same level of protection across all platforms.
What Are the Best Practices for Handling Suspicious Text Messages?
To further safeguard yourself:
- Do Not Respond: Replying to scam texts can confirm your number is active, leading to more spam. Simply ignore and delete such messages. (us.norton.com)
- Report Suspicious Texts: Forward scam texts to 7726 (SPAM) to help carriers identify and block the sender. Additionally, report them to the Federal Trade Commission (FTC) at ReportFraud.ftc.gov. (legalclarity.org)
- Enable Two-Factor Authentication (2FA): Protect your accounts by enabling 2FA, which adds an extra layer of security beyond just a password.
How Can You Stay Informed About Emerging Scam Tactics?
Staying informed about the latest scam tactics is crucial:
- Monitor Official Sources: Regularly check updates from trusted organizations like the Federal Communications Commission (FCC) and the Federal Trade Commission (FTC).
- Educate Yourself: Learn about common scam techniques and stay updated on new methods used by scammers.
By implementing these strategies and utilizing available tools, you can significantly reduce the risk of falling victim to crypto scam texts.
Highlights:
- STATE OF CALIFORNIA, Published on Sunday, November 23
- Scams Report, Published on Friday, October 31
