0403 107 107 - Scam Alert: Cryptocurrency Fraud

• Scam

Have you received a call from 0403 107 107? This number has been reported as a scam related to cryptocurrency fraud. Read our guide on how to handle these suspicious calls effectively.

Overview of the Phone Number 0403 107 107

The number 0403 107 107 / 0403107107 has recently attracted attention for all the wrong reasons. Users have reported receiving calls from this number, which purports to be from Commonwealth Bank, indicating a fraudulent attempt to deceive unsuspecting individuals through cryptocurrency scams.

Classification: Scam

Based on user reports, it is clear that 0403 107 107 / 0403107107 is linked to a scam targeting individuals with a fraudulent claim regarding an 80,000 Bitcoin purchase. This kind of scam aims to exploit the growing interest in cryptocurrencies by creating a sense of urgency or concern. The automated message that was left on voicemail is a common tactic used by scammers to evoke panic or immediate action, telling recipients they need to resolve a fictitious issue.

Understanding This Type of Scam

• Voice Phishing (Vishing): Scammers often use automated recordings to impersonate legitimate businesses, making it seem credible.
• Fake Purchases: By referencing large and contemporary items like Bitcoin, they create a false narrative that captures attention.
• High-Pressure Tactics: Typically, the goal is to lead the recipient into providing personal or financial information.

How to Handle Calls from this Number

If you receive a call from 0403 107 107 / 0403107107 or any similar phone numbers, it's crucial to remain vigilant:

• Do Not Engage: Avoid interacting with the caller; hang up if you receive a suspicious call.
• Do Not Provide Personal Information: Legitimate companies will never ask for sensitive information over the phone.
• Report the Number: Use services like Reverseau or a Reverse Phone Lookup Australia to report this number and save others from potential scams.
• Block the Number: Ensure to block the number to prevent further calls.

Final Thoughts

In conclusion, 0403 107 107 / 0403107107 has been classified as a scam number associated with cryptocurrency fraud attempts. Always practice caution when dealing with unknown callers and utilise resources like "Who Called Me Australia" and Reverseau to stay informed. Recognizing these deceptive tactics can help protect yourself and others from falling victim to such scams.