"Red Flag Warning: Dangerous Message Draining Billions from iPhone and Android Users' Banks"

Smartphone users have been warned about dangerous text messages that can hack their bank accounts. Perpetrated by bad actors, these phishing attacks often appear in the form of SMS text messages, emails, and social media messages. Cybersecurity experts have shared some important red flags to look out for, including a sense of urgency in the message, being asked to send over money in an uncommon way, and being asked to download something. To mitigate the risk of being a phishing victim, users should recognize the scam, protect their devices, and use strong passcodes and encryption.