Did you receive a Venmo ‘Press 1’ Call and PIN Code Scam Text? Read this review to find out why you should be wary of such texts. Is Venmo ‘Press 1’ Call and PIN Code Scam Text scam or legit? Find Out!
What is Venmo ‘Press 1’ Call and PIN Code Scam Text
Venmo ‘Press 1’ Call and PIN Code Scam Text are fraudulent phishing spam texts sent by scammers to get your personal information so they can use it to scam you. The scam involves a fake call from a number that appears to be from Venmo, claiming that there has been an unauthorized attempt to log into your Venmo account from an unknown device or a suspicious transaction from your account. The call then asks you to press 1 to verify your identity and also sends you a text message with a PIN code that you are supposed to enter on the phone. However, the call and the text are not from Venmo, but from scammers who are trying to get your PIN code and take over your account. The scam texts are disguised as an official email from Venmo saying there is an attempted sign in into your account and asking you to click on a link to sign in. The text also comes with a link, however these are links created by the scammers to obtain personal information from unsuspecting people. The link however links to other phishing websites that trick victims and also hacks their personal information.
The link could be a malware trap. Malware infections occur when a user accidently or unknowingly takes an action that allows harmful code to be downloaded on their device. Clicking on a phishing link is a common way for your computer to get infected with malware. However when one clicks on the links they inadvertently send their information to the scammers who uses it fraudulently.
The texts has button/link presented in them and these redirect to a phishing website disguised as a Venmo page. This webpage requests users to sign in to your account. Phishing content operates by recording the information entered into it.
You may also get other similar texts as they come in various form, it is in your own best interest that you don’t click on it, simply delete it and inform others so they don’t fall victim.
The Venmo ‘Press 1’ Call and PIN Code Scam Text Format
The scammers behind this scam use a type of spoofing technology that makes it look like they are calling from the official Venmo. They also use similar Venmo recordings then they create a sense of urgency and fear in you telli ng you your account is at risk then ask you to press 1 to confirm your identity and send you a text message with a PIN code that they claim is for verification purposes. However, the PIN code is actually a one-time password (OTP) that Venmo sends you when you try to log into your account from a new device or browser.
When you send this code to the scammers you have unknowingly given out access to your account and these scammers can then do away with your money.
Various types of Venmo ‘Press 1’ Call and PIN Code Scam Text
The scam can come in various formats and they include;
- Scammer may send a text message or email with a link saying that you have won money from Venmo
How To Protect Yourself From Future Venmo Scam Texts
- D not enter Venmo log-in information outside of the Venmo app or Venmo.com
- Never provide any of your Venmo account information on social media except to official Venmo accountsTwitter: @Venmo or @VenmoSupport
- Instagram: @Venmo
- Facebook: @Venmo
- Verify that an email from Venmo comes from an email address ending in “venmo.com“
- Don’t reply to a suspicious text message
- Don’t click any links within a suspicious text message
Steps To Take If You Fell For The Venmo Scam Text
- Report any phishing scams or Venmo employee impersonations to [email protected].
- Report any phishing scams or Venmo employee impersonations to [email protected].
- Contact your bank to reverse the charges if your Venmo account is linked with your credit card.
- Contact your local authorities and let them know you were scammed.
Conclusion
From the Foregoing, it is clear that the Venmo ‘Press 1’ Call and PIN Code‘ Scam Text is a phishing scam, Users should not click on the link if and when they receive such message. Spam campaigns are employed not just for various scams but also to proliferate malware (e.g., trojans, ransomware, cryptocurrency miners, etc.). Spam mail is quite widespread – therefore, it is strongly advised to exercise caution with incoming emails and messages
To Read Further on other Online scams, Click Here.
