FTC warns that scammers are using ‘robotexts’ to phish for info
FOX Business’ Kristina Partsinevelos, Kingsview Asset Management CIO Scott Martin, Capitalist Pig Hedge Fund’s Jonathan Hoenig and Kaltbaum Capital Management President Gary Kaltbaum on the FTC’s recent warning on ‘robotexts.’
A phishing scam occurs when someone intentionally tricks another person to provide personal and private information about themselves, often through email or telephone exchanges.
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Scammers will often pose as a business or person the victim is familiar with and typically even provide a story to convince the person to open an attachment or click a link, according to the Federal Trade Commission. They then use the information they obtain to try to steal victims’ identities or access their bank and credit card accounts.
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