0429 811 665 - Automated Scam Call Impersonating ASIC

• Scam

Received a call from 0429 811 665? This number is linked to an automated scam call impersonating the Australian Securities and Investments Commission. Learn how to handle these calls effectively to protect your personal information.

Understanding the Risks of 0429 811 665

The phone number 0429 811 665 / 0429811665 has been reported by users as a source of automated scam calls. The nature of this particular scam involves an impersonation of the Australian Securities and Investments Commission (ASIC), claiming that the caller's bank account and assets have been frozen due to alleged illegal activities.

Classification: Automated Scam Call

This number falls into the category of a scam, specifically a phone scam designed to create urgency and fear. Scammers often evoke a sense of panic by claiming that your financial security is at risk, pushing victims to disclose personal or financial information out of concern.

The Mechanics Behind the Scam

• Impersonation: Scammers take on the identity of legitimate authorities, strengthening their scheme's credibility.
• Automated Messages: Using robocalls allows them to reach a larger audience with minimal effort.
• Creating Panic: By suggesting severe consequences, like bank asset freezes, they pressure victims into acting quickly, often without thinking.

How to Handle Calls from 0429 811 665

If you receive a call from this number or a similar one:

• Do Not Engage: Hang up immediately. Do not press any buttons or provide information.
• Report the Call: Contact the Australian Competition and Consumer Commission (ACCC) or use Reverseau to report this call.
• Stay Informed: Familiarize yourself with common scam tactics to better identify them in the future.

Moving Forward

The 0429 811 665 / 0429811665 incident serves as a stark reminder of the importance of vigilance. By utilising tools such as Reverse Phone Lookup Australia or checking databases like 'Who Called Me Australia', you can gain insights into unfamiliar numbers, helping you stay one step ahead of potential scams.

Remember, legitimate organisations will not ask for personal information through automated calls. Protect your privacy and report any suspicious activity to safeguard yourself and others from falling victim to these malicious tactics.