0424 470 994: Scam Alert - Bank Account Compromise

• Scam

0424 470 994 is being reported as a scam number associated with bank account compromise calls. Learn how to identify this scam and protect yourself from potential fraud.

Understanding the Threat: 0424 470 994

The phone number 0424 470 994 / 0424470994 has been flagged by users across Australia as a potential scam originating from a recorded message indicating that their bank account has been compromised. It is essential to remain vigilant, as this tactic is commonly used by fraudsters to instil fear and prompt victims into providing personal information.

What Type of Scam Is It?

This phone number is associated with a voice phishing (vishing) scam. In this type of scam, the caller will often leave a message claiming to be a legitimate bank or financial institution, suggesting that there are security issues with your account. The aim is to convince you to call back or to provide sensitive details, potentially leading to financial loss.

How Users Are Reporting This Number

A review dated 28/05/2021 illustrates a common experience shared among many users: the call initiates with a recorded message asserting that the recipient’s bank account has faced a breach. Such deceptive tactics are designed to elicit immediate concern, compelling users to react hastily.

Protecting Yourself Against This Scam

• Do not engage: If you receive a call from 0424 470 994 / 0424470994, it is advisable not to engage or call back. Instead, hang up and verify directly with your bank using a known contact number.
• Trust your instincts: If something feels off about a call, it probably is. Legitimate institutions will not ask for sensitive information over the phone.
• Report the incident: If you have received a call from this number, report it to the relevant authorities. In Australia, the Australian Competition and Consumer Commission (ACCC) is a good point of contact.

Why Use Reverseau?

Tools like Reverseau’s Reverse Phone Lookup Australia can help you discover who called you and assist in differentiating between legitimate callers and potential scammers. Knowing who is on the other end of the line is a crucial step in protecting your personal information and finances.