I got a text from the above number claiming to be my bank and that I should follow their link to update my security information and password. Just so it's known, banks never ever text customers.

Text message about someone's system upgrade requiring account verification, supposedly from Tangerine, which is the online bank owned by Scotiabank. Seeing as I don't bank with either, obviously spam/phishing. Link posted is: bit.do/c5iB8  Do not reply or click on any link for this type of message.

(1)  New Alert Notice!
The latest update to our system requires you confirmation.
http://bit.do/c5Y7C   // Tangerine Bank

Text message, supposedly from Tangerine Bank. Banks DO NOT text clients. This is phishing. Do not click on link or respond.

Was sent this message:
{1} New Alert Notice!

The latest updates to our system requires your account confirmation:

http://bit.do/c5Y7C

\\Tangerine Bank

The bit.do link leads to http://secure.tangerine-server.com/reAUTH
which contains a fake Tangerine log in page which appears to be hosted
on a Russian server, which was registered in Mexico, to somebody with
a disposable e-mail address in Laos!