Text message scammers quietly prey on regional banks

You get a text message from your bank telling you there's been suspicious activity on your account. You call the number on your phone to see what's going on, and before you know it, you're a victim.

Welcome to the next big thing in phishing.

Law enforcement and security experts say that for more than a year now, scammers have been using scam text messages to prey on small regional banks and their customers. And according to a report set to be released next Tuesday by Cisco Systems, the problem has only been getting worse in recent months. read more