Britons are prompted to enter their User ID and Password to supposedly log on to their online banking account.
The website even has a familiar link which claims to help people if they have forgotten their password.
All of these features combine to lull Britons into a false sense of security, and convince them to part with personal information.
This could be potentially devastating for those who fall victim, with money harvested and identities stolen.
A number of individuals stated they had received the scam text message, and warned others to look out for it.
One frustrated person explained how they had been bombarded with scam texts and calls.
They wrote: “I don’t have an HSBC or Lloyds account. I haven’t entered a competition so obviously haven’t won anything and every time I get a call drop on my mobile I block the number.”
And another said: “Had this text come through. I assume it’s a scam as I don’t actually have a Lloyds account.
“The website it sends you to looks pretty legit as well.”
If a person finds they have unfortunately fallen victim to a scam, the important thing to do is take action.
Citizens Advice has urged three key actions for individuals who have been scammed, as follows:
- Protect oneself from further risks
- Check if one can get their money back
- Report the scam
Resetting passwords, updating anti-virus software and reaching out to one’s bank is important in protecting information from subsequent attacks.
Those who transferred money to someone they believe is a scammer in the last 24 hours should tell the police immediately.
Getting in contact with one’s bank can help in checking whether individuals can get their money back.
Finally, reporting the scam to the police and/or Action Fraud, the national cybercrime reporting service.
This can help authorities understand the scams which are circulating, and help them to take action to shut them down.