0405 160 024: Suspicious - Potential Scam Impersonating Commonwealth Bank

• Scam

The number 0405 160 024 has been reported as suspicious, with users claiming it poses as Commonwealth Bank. Read our guide on recognising scam calls and how to handle them effectively.

Understanding the Nature of 0405 160 024

The phone number 0405 160 024 / 0405160024 has recently attracted attention due to user reports identifying it as a potentially suspicious caller. This particular number has been described by one user as having a robotic voice purporting to be from the Commonwealth Bank, allegedly authorising a hefty transaction of $18,000. This narrative raises immediate red flags for anyone cautious about financial security.

Is This Number a Scam?

Based on the reports shared, it is reasonable to classify 0405 160 024 / 0405160024 as a scam number. The characteristics of the call — particularly the impersonation of a legitimate financial institution like @Commonwealth Bank — suggest that it is attempting to trick individuals into divulging personal information or authorising fraudulent transactions. Such tactics are commonly used by scammers to unwittingly exploit unsuspecting victims.

What Type of Scam is Involved?

• Phone Phishing: This scam often involves a caller pretending to be from a reputable institution to gain trust. Once trust is established, they may ask for sensitive information, such as passwords or account numbers.
• Authorisation Scam: By mentioning an unauthorised transaction’s high value, scammers pressure victims into responding quickly without taking the time to verify the call's legitimacy.

How to Handle Calls from 0405 160 024

If you receive a call from this number, it's crucial to maintain caution. Here’s how you can effectively handle the situation:

• Don't Engage: If a call seems suspicious, do not interact with the caller. Hanging up is a prudent first step.
• Verify Independently: If the caller claims to be from a legitimate service, contact the institution using an official phone number to verify the authenticity of the call.
• Report the Number: For your safety and to protect others, consider reporting known scam numbers to local authorities and online platforms like Reverseau. This contributes to creating awareness about such scams.

Conclusion

In essence, while 0405 160 024 / 0405160024 might seem like a harmless number, users have classified it as suspicious, leaning heavily towards being a scam. Exercising caution and performing thorough checks via services like Reverse Phone Lookup Australia can greatly assist in identifying and avoiding scams in the future. Always remember, when in doubt, it's best to err on the side of caution!