Billions of iPhone and Android owners issued ‘money danger’ alert – check texts or risk bank wipe-out

DON’T let yourself fall victim to a dangerous smartphone scam.

Hackers are preying on unsuspecting iPhone and Android owners with clever cons.

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Now the Bank of America is warning phone owners around the world to watch out for scam texts.

These texts trick you into handing over cash by promising you significant gains on an investment.

But rather than riches, you’re more likely to end up with an empty bank.

“Be wary if you are contacted by ‘investment managers’,” Bank of America warns.

“Or receive an unsolicited request (via social media, pop-up, text, email or phone call) that presents a ‘great investment opportunity’.

“Offers that promise guaranteed returns, or the chance to get rich quick or double your money are likely a scam.”

Scammers will often try to pressure you into transferring money.

They’ll use grand promises to convince you that you’ll make huge returns on your investment.

But if these offers seem too good to be true, it’s because they are.

Bank of America warns all users to think twice if you’re asked to send money to a stranger online.

Don’t fall for fake “investment managers” who demand digital currency, crypto trades, or instant money transfers.

“Remember, once you send the money, there is very little we can do to get that money bank,” Bank of America warns.

“Always validate requests for money, research investment managers/offers, and use caution if asked to provide personal or financial information.”

In the modern age it’s easier than ever for crooks to contact victims in an effort to scam them.

That’s why many scams start as seemingly harmless iPhone or Android texts – but quickly progress to something more sinister.

But remember that investment scams can come from a host of places.

Bank of America says you could find an investment scam on social media apps, email, over the phone, or in the form of internet pop-ups.

It’s best to treat all requests for money online with due caution, especially if the sums are very large.

Featured Image Credit: Apple / Unsplash / The U.S. Sun

This post first appeared on Thesun.co.uk