When your banking service provider deems that something could be wrong with your account, you are likely to receive a call or a text message. These methods inspired attackers to establish and develop phishing scams.
In order to protect your bank account information, install the bank app on your smartphone.
Krebs on Security reported that a local hotel’s phone systems were hacked and applied in order to perform SMiShing (phishing by SMS). The local number ensures greater chances that victims will call it. In addition, the banking application for your smartphone makes it easier to avoid phishing attacks.
Even though it differs with each company, many banking apps have built-in warnings. So, if you want to be sure that the SMS message from a bank about your data breach is fraudulent or not, check your app just after receiving the message.