Venmo Scam Text {2023} Beware Of This Phishing!

ByWendy

There is an ongoing Venmo Scam Text. Telling you that your Venmo account is about to be withdrawn by a third-party and requests your username, password, and bank card information in order to “cancel” the transaction. Beware! It is a scam. This honest review exposes the details about it.

Lots of people have received this Venmo Scam Text this May 2023. The text was sent by scammers whose goal is to get people’s personal and financial information.

Phishing Scams

What Is Venmo Scam Text All About And How It Works?

It is a fraudulent message sent by scammers who intend to get your personal and financial information. The email claims to be Venmo saying your Venmo account is about to be withdrawn by a third-party and requests your username, password, and bank card information in order to “cancel” the transaction. Don’t be deceived. It is all scam!

This new kind of scam has been targeting users of one of the most popular payment apps on the web (venmo). It comes in the form of a text message, and once you open it and enter your login credentials, your funds could be gone forever! 

Clicking on the link exposes you to viruses, spywares, malwares, which are harmful to devices and can hack and destroy your mobile phone. Beware!

The Scam Text Format

How To Know Similar Scam Text

  • The message creates a sense of urgency to get you to act quickly. For example, it may claim that your bank account has been closed or that you’ve won a free gift. 
  • Next, the scammer will try to get you to either respond, click on a link, or call a number or send a message to an email.
  • You aren’t expecting a delivery from this company. 
  • The text message comes from a long or unusual phone number. 
  • The link in the text is obscured or doesn’t come from an official companies like PayPal, Costco, USPS, UPS, FedEx website etc. 

Tips To Avoid Being Scammed

  • Do not click on the link or call back the number provided
  • Never respond to the emails

Received Venmo Scam Text? Do The Following!

You should delete the text message immediately as it is obviously a phishing scam. Meanwhile, do not forget to inform your family and friends. Please they should respond to the email if and when they receive such message.

Also, you can report scams, untrustworthy websites and tell us why you consider the websites fraudulent. See similar phishing scam; SharpUSPS scam text, Wal Tracking Scam, Delware BPO Scam, Publix 90TH Anniversary, etc.

Wendy is a Cybersecurity Professional, who's passionate about protecting people and organizations from emerging threats. She's certified in the following; Google Cybersecurity Professional Certificate, Career Essentials in Cybersecurity by Linkedin and Microsoft, and Certified in Cybersecurity by ISC2.

In 2019, she left her role as a Threat Alert writer and founded SabiReviews. With more Cybersecurity certifications bagged, she knows her purpose; To educate the public about cybercrimes, to provide genuine reviews about services and products, and to stop cyber crimes.

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