0420 601 698: Scam - Impersonating Commonwealth Bank

• Scam

0420 601 698 has been reported as a scam number impersonating Commonwealth Bank. Here's how to handle calls from this suspicious number.

Identifying the Scam Behind 0420 601 698

The phone number 0420 601 698 / 0420601698 has recently gained attention as a potential scam. Users have reported that the caller claims to be from Commonwealth Bank, attempting to create a sense of urgency by stating that there is an attempt to make an $1800 purchase on their card. This method is a common tactic used by scammers to instil fear and prompt immediate action from the victims.

Understanding the Scam

This type of call falls under the category of phishing scams, where fraudsters impersonate legitimate institutions to extract sensitive personal information. The scam typically works like this: the caller creates a scenario where they claim your banking details are compromised or that unauthorised transactions are pending on your account. The ultimate goal is to convince you to either provide personal information or make immediate reassurances that may compromise your security.

How to Handle Calls from 0420 601 698

If you receive a call from this number, follow these precautions:

• Do not engage: Avoid responding to the caller's questions or concerns.
• Verify the source: Hang up and contact Commonwealth Bank directly using the number listed on their official website.
• Report the call: Consider reporting the number to local authorities or consumer protection agencies to help prevent others from falling victim to the same scam.

Keeping Yourself Safe

As part of a more extensive effort to ensure your safety against scams, it's essential to frequently monitor your accounts and report any suspicious activities immediately. Recognising the signs of a scam can enhance your financial security significantly.

At Reverseau, we advise anyone who received calls from similar numbers to use our reverse phone lookup service to investigate unknown callers further. It’s vital to stay informed about fraudulent schemes in Australia to protect yourself better.