0480 700 741 - Scam Alert: Bank Account Suspension Phishing Attempt

• Scam

0480 700 741 is reported as a scam call claiming to be from Commonwealth Bank, warning of bank account suspension for suspicious payments. Learn how to identify and handle calls from this number.

Understanding the Scam Behind 0480 700 741

If you’ve received a call from 0480 700 741 / 0480700741, you’re not alone. This number has been widely reported by Australian users as part of a phishing scam posing as Commonwealth Bank. Such scams are unfortunately common and attempt to exploit individuals' fears regarding their financial security.

Types of Reports

According to user reviews, those who answered the call were told that their bank accounts had been suspended due to “suspicious payments.” This alarming message is designed to entice recipients into a sense of urgency, compelling them to act without verifying the caller's legitimacy.

How the Scam Works

The scam operates as follows:

• Scammers impersonate a trusted entity—in this case, Commonwealth Bank.
• They claim there are critical issues with the victim's account.
• A misspelled link is provided, urging victims to 'verify' their payment information.

This fraudulent tactic usually aims to gather sensitive information from unsuspecting victims, leading to identity theft or financial loss.

What to Do If You Receive a Call from This Number

It’s crucial to remain calm and vigilant if you receive a call from 0480 700 741 / 0480700741 or any other suspicious number:

• Do not provide any personal or financial information.
• Hang up and do not click any links or respond to messages.
• If in doubt, contact your bank’s official customer service directly using a number from their website.
• Consider reporting the call to authorities, such as the Australian Competition and Consumer Commission (ACCC) or the Australian Cyber Security Centre (ACSC).

Final Thoughts

Scams like this highlight the importance of using resources like Reverseau or a Reverse Phone Lookup Australia service to find out who called you and verify the details. Awareness is your first line of defence against such phishing attempts. Stay informed and protect yourself against fraud, and you can navigate your phone calls safer.