Nearly every consumer has a cell phone that can send and receive text messages these days. Because of the popularity of sending a text rather than bug someone with a call, scammers have adjusted their tactics towards phishing attempts in the past 3 or 4 years to accomodate text messages. It's called "smishing" because of the Short Message feature associated with texting on a cell phone and now there is one targeting Wachovia customers. Consumers will receive the follow message as a text...

"wachovia alert - your card starting with 4828 has been deactivated please contact us at 804-715-9368 to reactivate your card"

I have not heard what happens in this specific instance if someone were to call this number, but in past instances, calling the number listed takes you to someone who will take down your personal information to "confirm" your identity which of course is then stolen. I've been told every Wachovia card starts with 4828 so this message is being potentially sent to thousands of people across the country, so if you receive this "warning," ignore it. The best thing to do in any instance where your finances are in question is to look up the number of your local Wachovia branch so you can call and ask them for details.