0420 040 037 - Scam Call Alert: Commonwealth Bank Fraud Attempt

• Scam

Beware of calls from 0420 040 037, which has been reported as a scam. This article offers guidance on how to handle such calls and protect yourself from potential fraud.

Understanding the Scam Behind 0420 040 037

The phone number 0420 040 037 / 0420040037 has garnered attention as a suspect in scam activities, specifically impersonating representatives of Commonwealth Bank. According to user reports, this number has been traced back to calls that have attempted to trick individuals into revealing sensitive information by claiming that suspicious transactions had been detected on their accounts.

How the Scam Works

Victims usually receive a call from a person with an Indian accent who claims to represent Commonwealth Bank's security team. During the call, they provide alarming information about "unusual transactions" occurring on the victim's bank account, urging them to verify some personal details. This is a common tactic used in phishing scams, where fraudsters seek to extract private information such as account numbers or passwords.

Why You Should Be Cautious

User experiences indicate that scam callers often become aggressive if they sense disbelief or hesitation. The reported case from 14 March 2022 highlights this point, where the individual felt annoyed by the caller upon expressing doubts regarding the legitimacy of the call. Ultimately, such behaviours should raise red flags: legitimate banks will never pressure clients in such a confrontational manner.

What to Do If You Receive a Call from This Number

• Do not engage: If you receive a call from 0420 040 037 / 0420040037, it's advisable to hang up immediately.
• Verify independently: If you're worried about potential transactions on your account, contact Commonwealth Bank directly using a phone number from their official website.
• Report the number: You can report scam incidences to the relevant authorities or use services like Reverseau for a thorough Reverse Phone Lookup Australia to assess the number's credibility.
• Stay informed: Keep updating yourself about common scams in Australia to avoid falling victim in the future.

In summary, 0420 040 037 / 0420040037 is not affiliated with Commonwealth Bank and should be treated with caution. By taking preventative measures and staying vigilant, you can protect yourself from phishing attacks and identity theft. Remember, knowledge is your best defence against scams like this.