03 4245 0353: Commonwealth Bank Scam Alert

• Scam

Beware of calls from 03 4245 0353, reported as a Commonwealth Bank scam. Find out how to handle such calls and protect your personal information.

Understanding the Threat of 03 4245 0353

Calls from the number 03 4245 0353 have recently raised considerable concern among Australians, leading to user reports classifying it as a scam, specifically targeting Commonwealth Bank customers. In these instances, the callers typically claim that suspicious activity has been detected on the victim's bank account, often involving large transactions such as the purchase of bitcoin. This tactic is a classic example of a phishing scam, aimed at coercing unsuspecting individuals into divulging sensitive personal information.

How the Scam Operates

The modus operandi of this scam involves manipulating the targets' fear and urgency. Callers assert that unauthorized transactions are taking place or about to take place from their Commonwealth Bank accounts. In the provided example from 21/08/2023, the scammer referenced an astonishing sum of $1800 worth of bitcoins allegedly involved in the fraudulent activity, prompting panic and the instinct to respond hastily. Victims may be pressured to call back or provide personal information under the assumption that they need to ‘protect’ their accounts.

Protecting Yourself

• Do Not Engage: If you receive a call from this number, hang up. Do not call it back or provide any information.
• Verify Suspicions: Reach out to your bank directly using known contact information to verify any claims of suspicious activity.
• Report the Scam: Contact local authorities or report the scam to Scamwatch Australia to help alert others.
• Use Reverse Phone Lookup: Tools like Reverseau can help you identify the caller and see if others have reported similar experiences.

In Conclusion

The number 03 4245 0353 is associated with a blatant attempt to defraud Australians. By remaining vigilant and informed about scams like these, you can effectively safeguard your personal and financial information. Always remember to trust your instincts and seek reliable validation before reacting to unexpected calls.