02 7240 4681: Scam Alert - Pretending to be Commonwealth Bank and PayPal

• Scam

Beware of phone number 02 7240 4681. This number has been reported as a scam, with users claiming impersonation of Commonwealth Bank and PayPal. Learn how to handle such calls effectively.

Understanding the Risks of 02 7240 4681

The phone number 02 7240 4681 has recently emerged in reports as a significant scam risk, with several users indicating similar fraudulent experiences. This worrying trend has mainly involved impersonation attempts from well-known financial institutions, particularly the Commonwealth Bank of Australia (CBA) and PayPal.

Classification of the Scam

This number has been identified as a telemarketing scam, leveraging the credibility of reputable financial organisations to trick individuals into divulging sensitive personal information. Users have specifically reported scenarios where they were contacted by someone claiming to be from CBA, attempting to solicit personal data under the guise of official business. Other reports frequently mention a related "Indian PayPal scam", where callers falsely claim to be PayPal representatives.

Identifying the Scam Types

• CBA Impersonation: Scammers often portray themselves as representatives from Commonwealth Bank, insisting that they require urgent verification of account details.
• PayPal Scam: Callers posed as PayPal agents, claiming that the recipient's account was compromised, and requesting personal identifiers to resolve fake issues.

How to Handle Calls from This Number

If you receive a call from 02 7240 4681, do not engage with the caller. Here's how to manage the situation:

• Do not provide personal information: Avoid sharing your financial data, passwords or identification details.
• Verify the caller's identity: Hang up and contact the official customer service number of the institution directly to confirm any claims.
• Report the scam: Notify relevant authorities such as the Australian Competition and Consumer Commission (ACCC) or your local consumer protection agency to assist in tracking these scammers.

Final Thoughts

The frequency of scams originating from numbers like 02 7240 4681 highlights the importance of vigilance when receiving unsolicited calls. For a proactive approach to identify possible scams, consider utilising resources like Reverseau and the Reverse Phone Lookup Australia service to gain insight into who called you in Australia. This practice not only protects you but also helps to warn others from falling victim to similar predatory tactics.